Ask Question
26 November, 17:13

Using the "rule of 72" approximately how long will it take for productivity to double with a constant productivity growth rate of 1.5 percent per year?

+5
Answers (1)
  1. 26 November, 18:12
    0
    48 years

    Explanation:

    The rule of 72 (or rule of 70) is a quick way to estimate the number of years it takes an investment to double given a certain compounding interest rate. It also serves to calculate the time needed to double certain parameters of an economy given a growth rate:

    72 / 1.5 = 48 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Using the "rule of 72" approximately how long will it take for productivity to double with a constant productivity growth rate of 1.5 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers