Using the rule of $72,$ approximate the following amounts:

a$.$ If the value of land in an area is increasing $8$ percent a$-$year, how long will it take for property values to double?

b$.$ If you earn $16$ percent on your investments, how long will it take for your money to double?

c$.$ At an annual interest rate of $6$ percent, how long will it take for your savings to double?

Complete this question by entering your answers in the tabs below.

Required a

Required $b$

If the value of land in an area is increasing $8$ percent a year, how long will it take for property values to double?

Note: Round your answer to $1$ decimal place.

Time period

years

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