What is the rule of 70? The rule of 70 A. O B. O C. is a mathematical formula th

Question

What is the rule of 70? The rule of 70 A. O B. O C. is a mathematical formula that is used to calculate the number of years it takes real GDP per capita or any other variable to double states when an individual can be eligible for full social security benefits. is a mathematical formula that is used to calculate the number of years it takes real GDP per capita or any other variable to quadruple D. is a mathematical formula that is used to calculate the number of years it takes real GDP per capita or any other variable to increase by two hundred percent. If real GDP per capita grows at a rate of 2.3 percent per year, it will takeyears to double. (Enter your response rounded to one decimal place.)

Explanation / Answer

Answer

Option A

The rule of 70 is

number of year 2 double a investment with i% growth=70/i%

-----

required years to double=70/2.3

=30.4347826

It will be double in 30.4 years

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.