You Could Double Your Money in About 9 Years If

Multiple Choice

You could double your money in about 9 years if you could earn an annual rate of return of what? Use the Rule of 72 to determine your answer.

A) You would need to earn an annual rate of return of about 12%.
B) You would need to earn an annual rate of return of about 10%.
C) You would need to earn an annual rate of return of about 8%.
D) There is not enough information to answer this question.