hhh6425 hhh6425
  • 04-03-2019
  • Business
contestada

what ROI will you need to double your money in 12 years​

Respuesta :

MrCreighton
MrCreighton MrCreighton
  • 04-03-2019

The rule of 72 says  that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.

so in this equation we would use: 72/x=12 then you solve for X

X = 6%

So it would take approximately 6% ROI

Answer Link

Otras preguntas

In a modern Democracy _____. A. all elected officials serve for a certain number of terms then must retire. B. a high school sophomore and a senior citizen ma
What value or values of x satisfy 2|x + 5.3| = 4.2?
In order to safely aid traffic flow, you should: a. Keep up with traffic even if its faster then speed limit b. Stay to the left if you are traveling slower tha
Would you measure the length of a jump rope in inches or in feet? Explain your choice
Which of the following statement is not true about machines?
The less the energy a wave has, the smaller it's _______
Charles is making a video journal as he hikes in Yellowstone National Park. He is standing on a mountaintop and wants to film a full 360-degree view. Which kin
When analyzing a speech, what should be your first step?
The probability distribution histogram shows the weight distribution of the pumpkins in a competition at a state fair. What is P(70≤X<110) ?
what is greater 8ft or 3yd