Multiple Choice
The rule of 70 states that if yt grows at a rate of g percent per year, then the number of years it takes yt to:
A) double is approximately equal to 70/g.
B) double is exactly equal to 70/g.
C) double is approximately equal to g/70.
D) triple is approximately equal to 70/g.
E) double is approximately equal to 70/(1 +g) .
Correct Answer:
Verified
Correct Answer:
Verified
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