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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #350029
Introduction to Economics 2 Deneme Sınavı Sorusu #350029
According to “the rule of 70”, how much does it take for a variable that grows at a pace of 30% in a year to double itself?
23 months
|
27 months
|
29 months
|
30 months |
33 months |
Yanıt Açıklaması:
The rule of 70 allows us to easily calculate how much it takes for a variable to double itself. If a variable grows at a pace of x percent per year, then it will take approximately70/x years for that variable to double in value. In this case, 70/30 makes 2.3 years, which makes almost 27 months.
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