If you desire your savings to double in 6 years,what rate of return would you need to earn?
A)6 percent
B)8 percent
C)9 percent
D)10 percent
E)12 percent Rule of 72, 72/x = 6, 6X = 72, 72/6 = 12

Question

Quizplus · Accepted Answer

The Rule of 72 is a simple way to estimate the number of years required to double the investment at a given annual rate of return. By dividing 72 by the desired doubling time (6 years), you get the required rate of return, which is 12 percent.

If You Desire Your Savings to Double in 6 Years,what