According to the rule of 72 if the GDP of apex federation is growing at 1.7% per year it's economy will double in approximately how many years

Question

Mathematics

Jeffrey Montes

8 July, 10:41

According to the rule of 72 if the GDP of apex federation is growing at 1.7% per year it's economy will double in approximately how many years

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Answers (1)

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Leilani Forbes · Answer 1

Hi there

the rule of 72 says

72/rate=time. To be double

So

72:1.7=42.4 years

round your answer to get 42 years

Note that the rate is 1.7 not 0.017 as a decimal

Good luck!