For which growth rate would the Rule of 70 be most accurate? A. 1%. B. 15%....
For which growth rate would the Rule of 70 be most accurate?
| A. |
1%. |
|
| B. |
15%. |
|
| C. |
20%. |
|
| D. |
30%. |
Homework Answers
The rule of 70 is defined as a tools of calculating the number of years it takes for an investment to double. In other words rule of 70 is a calculation to find how many years it'll take for any money to double at specified rate.
At 0.7% growth rate, it will take 100 years.
At 1% growth rate, it will take 70 years.
At 4% growth rate, it will take 17.5 years.
At 2% growth rate, it will take 35 years.
It means that 1% growth rate would the Rule of 70 be most accurate.
Hence option A is the correct answer.
Add Answer to:
For which growth rate would the Rule of 70 be most accurate?
A.
1%.
B.
15%....
For which growth rate would the Rule of 70 be least accurate? A. 1%. B. 15%....
For which growth rate would the Rule of 70 be least accurate? A. 1%. B. 15%. C. 20%. D. 30%.
14. The Rule of 70 would be most accurate for estimating the doubling time in which of the following situatio the growt...
14. The Rule of 70 would be most accurate for estimating the
doubling time in which of the following situatio the growth rate is
steady at 15% the growth rate is variable but averages 4% the
growth rate is steady at 4% the growth rate is variable but
averages 15%
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According to the "Rule of 70", how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%? A. less than 1 year B. 35 years C. 5 years D. 14 years
The Rule of 70 applies in any growth rate application. Let’s say you have $1000 in...
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14. The Rule of 70 would be most accurate for estimating the
doubling time in which of the following situatio the growth rate is
steady at 15% the growth rate is variable but averages 4% the
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averages 15%
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