Multiple Choice
Suppose Botswana doubles its income in 8 years,while South Africa doubles its income in 12 years.According to the Rule of 72,the growth rate in Botswana
A) is 3 percentage points higher than the growth rate in South Africa.
B) is 4 percentage points higher than the growth rate in South Africa.
C) is 8 percentage points higher than the growth rate in South Africa.
D) is 12 percentage points higher than the growth rate in South Africa.
E) is 16 percentage points higher than the growth rate in South Africa.
Correct Answer:
Verified
Correct Answer:
Verified
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