You could double your money in about 9 years if you could earn an annual rate of return of what? Use the Rule of 72 to determine your answer.
A) You would need to earn an annual rate of return of about 12%.
B) You would need to earn an annual rate of return of about 10%.
C) You would need to earn an annual rate of return of about 8%.
D) There is not enough information to answer this question.

Question

Quizplus · Accepted Answer

The Rule of 72 states that you can estimate the number of years required to double your money by dividing 72 by the annual rate of return. To find the rate, divide 72 by the number of years (9), which gives approximately 8%.

You Could Double Your Money in About 9 Years If