Rule of 72 50/30/20 Rule
Authored by Wayground Content
Life Skills
9th - 12th Grade
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the creator of the Rule of 72?
Lieutenant Commander Cruz
Bill Gates
Elon Musk
Albert Einstein
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the formula for the Rule of 72?
Time Divided by 72 Equals the Interest Rate
72 Divided by Interest Rate Equals the Time to double your money
Interest Rate Multiplied by 72 Equals the time to double your money
Your money deposit divided by 72 Equals the time to double your money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I invest $20,000 in a Certificate of Deposit that pays 3% interest, how many years till I double up my money?
5
12
24
36
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I invest $10,000 in a Stock that pays 12% interest at the age of 18, at what age will I see my money double up?
24
23
22
21
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I invest $100,000 in a Stock that pays 12% interest at the age of 18, at what age will I see my money double up the second time around?
29
30
31
32
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I invest $10,000 in a Mutual Fund that pays 6% interest at the age of 18, how much money will I have by the age of 30?
$15,000
$17,000
$19,000
$20,000
7.
OPEN ENDED QUESTION
3 mins • 1 pt
In your own words: What is the importance of the Rule of 72?
Evaluate responses using AI:
OFF
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
