5% -10%
-- below is taken from Wikipedia
The value 72 is a convenient choice of numerator, since it has many small divisors: 1, 2, 3, 4, 6, 8, 9, and 12. It provides a good approximation for annual compounding, and for compounding at typical rates (from 6% to 10%). The approximations are less accurate at higher interest rates.
Regards
Zubair Hussain
www.vuzs.net2011/11/3 εﺓз• » 乙ιη∂αġι яσ¢χ « •♡웃 <muskan.viewer@gmail.com>
Rule of 72 is fairly used in the range of ---------- interest rate.
Select correct option:
5% -10%
5% -15%
5% -20%
5% -25%
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