Mathematics · Compound Interest

In how many years will an amount deposited today at a compound interest rate of 14% per annum double itself (using the Rule of 72)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

15.84 years
25.76 years
35.14 years✓
44.50 years

Correct answer

5.14 years

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In how many years will an amount deposited today at a compound interest rate of 14% per annum double itself (using the Rule of 72)?

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