Authors:
Historic Era:
Historic Theme:
Subject:
May/June 1989 | Volume 40, Issue 4
Authors:
Historic Era:
Historic Theme:
Subject:
May/June 1989 | Volume 40, Issue 4
There is a quick way to determine approximately how much time is required for anything that is compounding to double, whether it be a national economy, a sum of money in a bank account, or even, theoretically, rabbits in a hutch. Simply divide the annual percentage of increase into 72. Thus something that is growing at 10 percent a year will double in 7.2 years.