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
Which of the following symbols should replace the question mark (?) in the given expression in order to make the expressions B ≤ D as well as F > B de...
Statements:Â
A $ B * X © Y @ ZÂ
Conclusions:Â
I. X @ ZÂ
 II. Z * AÂ
III. Z % X
Which of the following symbols should replace the question mark (?) in the given expression in order to make the expressions ‘E ≤...
Statement: F ≥ G > I > E ≤ P, E = S ≥ PÂ
Conclusion: I. F ≥ P         II. G > P
Statements:
S = K ≥ A ≥ X; Y < K = E ≤ U < Z
Conclusion:
I. X = E
II. K > X
Statements: P > Q ≤ R; Q ≥ O > S; T < S ≤ U
Conclusions:
I. T < R
II. U ≤ Q
III. P > U
...Statements: P ≤ Q > R > T > U, Q ≤ O < S, T < V
Conclusions:
I. R < S
II. P > U
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statement: D > T > G > C > M; J > C > U
Conclusion:
I. J > M
II. U < D
If the expressions G < L ≤ J > B, J ≤ A and G > H are true, which of the following conclusions will be definitely false?
