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Marrrta [24]
3 years ago
11

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.
Business
1 answer:
Trava [24]3 years ago
7 0

Answer:

a. doubles every 70/X years.

Explanation:

The rule of 70 calculates the amount of years it takes for an investment to double given its growth rate.

for example, an investment has a growth rate of 7%, the amount of years it would take the investment to double is 70 / 7% = 10 years

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6 0
3 years ago
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If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim
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