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WorksheetsRULE OF 72
Total questions: 11
Worksheet time: 8mins
Who is the creator of the Rule of 72?
Lieutenant Commander Cruz
Bill Gates
Elon Musk
Albert Einstein
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
Which investment/savings tool would yield the most interest back to you?
Savings account
Bonds
Certificates of Deposit
Stocks
Which statement is NOT TRUE in regard to banks?
They pay attractive interests rates in their savings and checking accounts
They pay very little in interest rates
They charge you to use your own money
They make insane amounts of money lending your money to other people
Which of the following investment(s) is/are best suited to double up your money in the least amount of time?
Mutual Funds
Stocks
Certificates of Deposit
Savings Accounts
Checking accounts
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
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
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
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
What interest rate is required to double $4,000 in 9 years?
7%
9%
10%
8%
In your own words: What is the importance of the Rule of 72?
