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The Rule of 72 is a simplified formula that calculates how long it will take for an investment to double in value (t), based on its rate of return. As per the rule: t ~ 72/rate of interest Here, using the Rule of 72, divide the rate of interest in absolute terms by 72, i.e. 72/12 = 6 years approximately To cross check, if P=100 and r =12% and n=6 A = 100*(1.12)6 = 197.38 which is approximately double the amount of the Principal.
A boat goes 45 km upstream in 6 hours and 60 km downstream in 4 hours. If the speed of the current is doubled, how much time will the boat take to trave...
Ratio of speed of boat in downstream and speed of stream is 7:3, if speed of current is 9 km/hr, then find distance travelled (in km) upstream in 6 hours.
The speed of a boat in still water is 5 km/hr and speed of current is 3 km/hr. If time taken to cover a certain distance upstream is 12 hours, then how ...
A boat takes 5 hours to cover 190 km upstream and 8 hours to cover 416 km downstream. Find the time taken by the boat to cover 528 km upstream and 540 k...
A boat's speed in still water is 50% greater than the speed of a stream, which flows at 12 km/h. Calculate the total time it takes for the boat to cover...
The speed of a boat in still water is 25 km/hr. If the boat covers 160 km in upstream in 10 hours, then find the time taken by the boat to travel 204 km...
A boat moving upstream takes 8 hours 48 minutes to cover a distance while it takes 4 hours to return to the starting point, downstream. What is the rati...
A boat running downstream covers a distance of 60 km in 6 hrs and covering the same distance upstream in 15 hrs. What is the speed of a boat in still wa...
Speed of boat in downstream is 45% more than speed of boat in still water. If speed of stream is 9 km/h, then find the time taken by the boat to cover 8...
A boat running downstream covers a distance of 39 km in 3 hrs and covering the same distance upstream in 13 hrs. What is the speed of a boat in still wa...