Explore BrainMass

Explore BrainMass

    Rule of 72

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The "rule of 72" states that the number of periods "n" that it will take to double an investment whose rate of return is "r" percent is approximately 72/r. That is, nr is approximately equal to 72. Verify this approximation for r = 4,6,8 and 10.

    © BrainMass Inc. brainmass.com March 4, 2021, 10:45 pm ad1c9bdddf

    Solution Preview

    In order to answer this question, we need to calculate the time period (since we ...

    Solution Summary

    The solution explains the calculations using rule of 72.