'Double' means multioply by '2'.
Hence
72 x 2 = 144 The answer!!!!!!
Ah, what a happy little question! If we take the number 36 and double it, we get 72. Just like adding a touch of sunlight to a painting, doubling a number can bring a little extra brightness to our calculations.
There is what's called the "rule of 72" which states, you divide the percent into 72 and that tells you how log it takes to double your money. For example, 4.6 goes into 72 15.65 times. So, it would take 15.65 years to double your money. That's not too good of an investment. 72 ÷ 4.6 = 15.65
use the "rule of 72".It states that money in the bank will double in a number of years if you divide 72 by the interest rate paid per year.For example:If I can get 7.2% interest per year my money will double in 10 years, because 72/7.2 = 10.
determining how many years it takes for money to double at a particular interest rate
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72
Ah, what a happy little question! If we take the number 36 and double it, we get 72. Just like adding a touch of sunlight to a painting, doubling a number can bring a little extra brightness to our calculations.
The rule of 72 is a simple formula used to estimate how long it will take for an investment to double in value. To use it, divide 72 by the annual rate of return on the investment. The result is the approximate number of years it will take for the investment to double.
How long it will take for your money to double/divide the annual interest rate into 72.
It is called the rule of 72. You take the interest rate you will be receiving and divide that number into 72. the answer will be the number of years it will take you to double your money at that interest rate.
At a 4 percent inflation rate, prices will double in approximately 18 years. This can be estimated using the Rule of 72, which states that you divide 72 by the annual inflation rate. In this case, 72 divided by 4 equals 18, indicating the time it takes for prices to double.
The Rule of 72 is a simple formula to estimate the number of years required to double an investment at a fixed annual interest rate. To find out how long it will take for a deposit to double at an interest rate of 9%, you divide 72 by 9. This calculation gives you approximately 8 years for the deposit to double in size.
The best definition for 72 is the number before 73 and after 71.
The "Rule of 72" gives a good approximation of 72/4=18%.
the number of years it takes for your money to double can be estomated by dividing 72 by the annual percentage interest rate.
There is what's called the "rule of 72" which states, you divide the percent into 72 and that tells you how log it takes to double your money. For example, 4.6 goes into 72 15.65 times. So, it would take 15.65 years to double your money. That's not too good of an investment. 72 ÷ 4.6 = 15.65
The rule of 72 is a quick and very accurate method of determining how long it takes for money to double at a specified rate of interest, compounded annually. For example, using the rule of 72 with a compounded interest rate of 6% it would take 12 years to double your money (72 divided by 6). The precise amount of time it takes to double your money at 6% based on the actual computation of compounded interest is 11.9 years. The rule of 72 works very well unless the rate of interest exceeds 20% at which point the error rate starts to deviate substantially from the actual answer. The rule of 72 can also be used to figure out what rate of interest you need to double your money in a specified number of years. For example, if you want to double your money in 5 years, divide 72 by 5 and the interest rate needed is 14.4%.