Rule of 72

Your returns (or interest rate) are 8% a year. How long before your investment doubles?

• 9 years
• 8 years
• 7 years
• Never

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.4

Your returns (or interest rate) are 9% a year. How long before your investment doubles?

• 9 years
• 8 years
• 7 years
• They won't

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Your returns (or interest rate) are 6% a year. How long before your investment doubles?

• 18 years
• 16 years
• 12 years
• 8 years

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Your returns (or interest rate) are 1% a year because they are in a savings account. How long before your savings doubles?

• 72 years
• 36 years
• 1 year
• They will never double

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

How many years will it take $4000 to double with a 5% interest rate?

• 1440
• 14.4
• 55.5
• 80

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

What interest rate would you need to double $3500 in 9 years?

• 7%
• 10%
• 8%
• 38.8%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

How many years will it take $600 to double with 10% interest?

• 6 years
• 8.3 years
• 10 years
• 7.2 years

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

What interest rate would you need to double $2500 in 12 years?

• 5%
• 6%
• 34%
• 16%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

How many years will it take to double your money with a 3% interest rate?

• 24 years
• 12 years
• 4 years
• none of these

Tags

CCSS.HSA.CED.A.1

CCSS.HSF.BF.B.5

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

What calculation should you do to answer the question:

How many years will it take $900 to double if the interest rate is 2%?

• 72 divided by 2

• 900 divided by 2

• 2 divided by 100 times 900

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1