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20 April, 23:54

What annual interest rate will cause your mon t to double in four years?

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  1. 21 April, 01:20
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    18%

    The "Rule of 72" tells you how long it takes your money to double. Divide 72 by the interest rate to find the number of years. In this case the interest rate is "x"

    72/x = 4 years

    x=18
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