The rule of 72 is a special case of compounding that allows the determination of An estimate of either the time it takes for a value to double at a specified rate or the rate required to double a value over a specified period of time can be determined with the rule of 72. Thus the correct answer is D.
The Rule of 72 is a formula that determines how many years it will take for your money to double at a certain rate of return. By multiplying 72 by the interest rate in this rule, you may determine how long it will take your money to double.
This rule of 72 will helps to determine-
Therefore, option D is appropriate.
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The complete question is -
The rule of 72 is a special case of compounding that allows the determination of the
a. Exact time it takes for a value to double at a specified rate of interest
b. Exact rate required for a value to double over a specified period of time
c. An estimate of the time it takes for a value to be magnified to a specified level of magnification
d. An estimate of either the time it takes for a value to double at a specified rate, or the rate required to double a value over a specified period of time can be determined with the rule of 72
e. None of the answers provided is correct
