If the interest rate is r percent, then the rule of 70 says that your savings will double about every

a. 70/(1 - r) years.
b. 70/(1 + r) years.
c. 70/r years.
d. 70(1 + r)/r years.

c

Economics

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To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies

A) add; neither add nor subtract B) add; add C) add; subtract D) subtract; add E) neither add nor subtract; add

Economics

A fall in the price level brings a ________ in the real wage rate that ________ profits which leads to ________

A) fall; increases; firms temporarily shutting down B) rise; reduces; firms restarting production C) rise; increases; firms temporarily shutting down D) rise; reduces; firms temporarily shutting down E) rise; increases; firms restarting production

Economics