Exam Question
Which of the following is/are true in respect of ‘doubling the period by using the more accurate Rule of Thumb’?
- 1. At 10% interest rate, the doubling period is 7.25 years
- 2. At 15% interest rate, the doubling period is 4.95 years
- 3. At 10% interest rate, the doubling period is 7.20 years
- 4. Both (a) and (b) above
- 5. Both (b) and (c) above
View Answer
Answer 4. Both (a) and (b) above
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