Rule of 72 Complete the following table, and use the results to discuss when the rule of 70 gives a better approximation for the doubling time, and when the rule of 72 gives a better approximation. 0.001 0.02 0.05 0.08 0.12 (In 2)/In(1 + r) 70/100r 72/100r
Rule of 72 Complete the following table, and use the results to discuss when the rule of 70 gives a better approximation for the doubling time, and when the rule of 72 gives a better approximation. 0.001 0.02 0.05 0.08 0.12 (In 2)/In(1 + r) 70/100r 72/100r
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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Question
![Rule of 72 Complete the following table, and use the results
to discuss when the rule of 70 gives a better approximation
for the doubling time, and when the rule of 72 gives a better
approximation.
0.001
0.02 0.05 0.08
0.12
(In 2)/In(1 + r)
70/100r
72/100r](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2998f8e4-95b1-4e7f-949c-2ebed2066917%2F6ae7cfad-389b-4631-83d4-9433ee5c22ca%2Fwei34wq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rule of 72 Complete the following table, and use the results
to discuss when the rule of 70 gives a better approximation
for the doubling time, and when the rule of 72 gives a better
approximation.
0.001
0.02 0.05 0.08
0.12
(In 2)/In(1 + r)
70/100r
72/100r
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