The rule of 72 states that the number of periods (n) that it will take to

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The "rule of 72 " states that the number of periods \(n\) that it will take to double an investment whose rate of return is \(r\) percent is approximately \(72 / r\). That is, \(n r\) is approximately equal to 72 . Verify this approximation for \(r=4,6,8\), and 10 .

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Management Accounting

ISBN: 12

5th Edition

Authors: Anthony A Atkinson, Robert S Kaplan

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