The rule of 70 can be stated as follows: A variable with a growth rate of...
The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year
| a. |
doubles every 70/X years. |
|
| b. |
doubles every 70(1 - 1/X) years. |
|
| c. |
doubles every 70/X2 years. |
|
| d. |
doubles every 70/(1 - X) years. |
Homework Answers
Answer: A) Double Evey 70/X Years
Rule of 70 is the measure of the period (years) required to double the variable at certain growth rate. It is used as the alternative to calculating the time periods of the compound amount to be double.
Rule 70: Years to Double the variable = 70 / Growth rate = 70 / X
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The rule of 70 can be stated as follows: A variable with a
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