Allied & ICAR Exam Bank • ALLIED_2547 NAT • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

If an investment grows at an annual compounded rate of 7.2%, according to the Rule of 72, the approximate number of years required for the investment to double is:

Answer Key:

10

Step-by-Step Solution & Explanation

Years to double $\approx 72 / 7.2 = 10$ years.
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