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To estimate the number of years it takes a variable to double we can use the rule of 70 or the rule of 72. It
To estimate the number of years it takes a variable to double we can use the rule of 70 or the rule of 72. It is best to use the rule of 72 if: To estimate the number of years it takes a variable to double we can use the rule of 70 or the rule of 72. It is best to use the rule of 72 if:
a. the annual growth rate (percentage change) is 5% or larger.
b. the annual growth rate is less than 5%.
c. the annual growth rate is larger than 10%.
d. the annual growth rate is less than 4%.
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