According to the rule of 72 if the GDP of apex federation is growing at 1.7% per year it's economy will double in approximately how many years

Question

Mauricio Reid

Mathematics

20 November, 20:57

According to the rule of 72 if the GDP of apex federation is growing at 1.7% per year it's economy will double in approximately how many years

+2

Answers (1)

Know the Answer?

Giovanna Merritt · Answer 1

Hi there

the rule of 72 says

72/rate=time. To be double

So

72:1.7=42.4 years

round your answer to get 42 years

Note that the rate is 1.7 not 0.017 as a decimal

Good luck!