According to the rule of 70, a stock portfolio growing at a rate of 7% will double approximately every ______ years.
A) 5
B) 10
C) 20
D) 40

Question

Quizplus · Accepted Answer

The rule of 70 states that to estimate the number of years it takes for a quantity to double, divide 70 by the annual growth rate. So, 70/7 = 10. Therefore, a stock portfolio growing at a rate of 7% will double approximately every 10 years.

According to the Rule of 70, a Stock Portfolio Growing