Rule of 72 & High 5

Rule of 72 & High 5

Multiple Choice

What is the formula for rule of 72?

t = time
 $\chi$  = interest rate

• x% = $\frac{72}{t}$

• t = 72 x $\chi\%$

• t = $\frac{72}{x\%}$

• t = $72\sqrt{x\%}$

Multiple Choice

How long for RM100k to double at 2%?

• 18 yrs

• 36 yrs

• 30 yrs

• 26 yrs

• 40 yrs

Multiple Choice

How long for RM500k to become RM1mil at 6%?

• 9yrs

• 22 yrs

• 12 yrs

• 18 yrs

• 32yrs

Multiple Choice

How long will it takes for RM100k to become double at 3%?

• 8 yrs

• 24 yrs

• 12 yrs

• 36 yrs

Multiple Choice

How long will it takes for RM100k to become double at 6%?

• 18 yrs

• 36 yrs

• 9 yrs

• 12 yrs

Multiple Choice

How long will it takes for RM100k to become double at 9%?

• 6 yrs

• 8 yrs

• 5 yrs

• 7 yrs

Multiple Select

When close case, don't forget HIGH 5! What are the 5 things in HIGH 5? (ticks below boxes that suitable with the answer)

• Cash

• DDA

• EPF

• Referral

• PRS/Recruitment