How fast will a $10,000 portfolio double if it is earning 10% annual returns?
A) every 10 years
B) every 7 years
C) every 5 years
D) every 14 years

Name: How fast will a $10,000 portfolio double if it is earning 10% annual returns? A) every 10 years B) every 7 years C) every 5 years D) every 14 years
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

Using the Rule of 72, you divide 72 by the annual interest rate to estimate the number of years it takes for an investment to double. 72 / 10 = 7.2 years, so approximately every 7 years.

How Fast Will a $10,000 Portfolio Double If It Is