Question
Which of the following accounting rules can roughly
estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.Solution
The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.
31% of 3300 +659 = ?
(32.25 × 14.98) + 31.76% of 1499.89 = ? × 3.67
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
Arjun began participating in a Casino game. In the first round, he tripled the amount of money he had and then gave Rs. 'b' to Bhuvan. In the second rou...
10.10% of 999.99 + 14.14 × 21.21 - 250.25 = ?
[54.96 × √99.96 – {(25.02/6.84)% of 280.24}]/(3.032 × 19.87) = ?
What approximate value will come in place of question (?) in the following given expression? You are not expected to calculate the exact value.
...- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
Find the approximate value of the given expression and choose the nearest option.
(4.98)² + 3.49 × 7.92 − 119.9 ≈ ?
