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morpeh [17]
2 years ago
6

If you follow me me you get 10 points ​

Mathematics
1 answer:
yanalaym [24]2 years ago
8 0

Answer:

thank you! can i get brainliest please?

Step-by-step explanation:

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Step-by-step explanation:

The "Rule of 72" is a easy way to calculate how much time an investment will take to double with a given fixed annual rate of interest.

Just we have to divide 72 by the annual rate of return(r), we can get a rough estimate of how many years it will take to double the initial investment .

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\frac{72}{r}=29\\\Rightarrow\ r=\frac{72}{29}=2.4827\%\approx2.5\%

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