Question

According to the rule of 72, in about how many years will $20 be worth $10 if the rate of inflation is 6%?

A. 48 years
B. 6 years
C. 24 years
D. 12 years

Answer 1

I am not sure but i think it is D 12 years but if i were you i would wait for somebody else to answer.

Answer 2

72/rate=time
72/6=12 years

Hope that helps