Question
How many years will it take to double your money with
yearly compounding if the rate of interest is 12%?Solution
The Rule of 72 is a simplified formula that calculates how long it will take for an investment to double in value (t), based on its rate of return. As per the rule: t ~ 72/rate of interest Here, using the Rule of 72, divide the rate of interest in absolute terms by 72, i.e. 72/12 = 6 years approximately To cross check, if P=100 and r =12% and n=6 A = 100*(1.12)6 = 197.38 which is approximately double the amount of the Principal.Â
Cyclones Gulab was a tropical cyclone that caused considerable damage to ______ Asia.
Which of the following gases is/are associated with acid rain?
1. Sulphur Dioxide and Nitrogen Oxides
2. Carbon Monoxide
3. Met...The surface temperature of the Sun is nearly -
STRIVE is a new World Bank funded project under min of skill development. What does V stands for ?
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...
The process in which the branches of the tea bushes are cut off is
Which one of the following is world’s largest Start Up ecosystem ?
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Which of the following is/are considered as Autotrophs?
1. Green plants
2. Blue green Algae
3. Human beings
4. Cattle
