According to the rule of 72, if you have $15, 000 in an account that grows at the rate of 12 percent annually, it will take approximately six years for the $15, 000 to double to $30, 000.

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The rule of 72 is used to estimate the time it takes for an investment to double, based on its annual growth rate. By dividing 72 by the annual growth rate, you can estimate the number of years it will take for the investment to double. In this case, 72 divided by 12 is 6, so it will take approximately 6 years for the $15,000 to double to $30,000 at an annual growth rate of 12%. Therefore, the statement "if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take approximately six years for the $15,000 to double to $30,000" is true.

According to the Rule of 72, If You Have $15