Question
Which of the following accounting rules can roughly
estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.Solution
The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.
The world's first palm leaf manuscript museum is opened in which state?
In which city did External Affairs Minister S Jaishankar inaugurate a bust of Nobel Laureate writer-poet Rabindranath Tagore?
Which festival is celebrated by the Nyishi tribe that prohibits animal sacrifices?
Which of the following Railway Station has been awarded a 4- star 'Eat Right Station' certification for providing high-quality, nutritious food to passe...
Sanjay Bhattacharya is an Indian ambassador to which country?
National Bank for Agriculture and Rural Development (NABARD) has raised close to ____Â via three-year bonds in 2023.
Yanam, world’s first science film on ‘Mangalyaan Mission’ is made in which language?
At the 2024 Oscars, how many nominations did the film "Oppenheimer" receive?
What is the mission life of ISRO’s SpaDeX mission in its primary objective?
Recently BSNL has received the central government's nod to go ahead with Rs 26,281 crore deal with which of the following private firm to launch 4G serv...
