According to the rule of 72, if Jo invests $100 and $1000 into two separate accounts with the same interest rate, which amount will double faster?

A. Both will double at the same rate.
B. $1000
C. $100
D. None of the above

Question

According to the rule of 72, if Jo invests $100 and $1000 into two separate accounts with the same interest rate, which amount will double faster?

 		A.	Both will double at the same rate.
 		B.	$1000
 		C.	$100
 		D.	None of the above

anonymous · Answer

@perl

aum · Answer

Rule of 72 says for a given interest rate how many years it will take to double the investment.  It does NOT depend on the amount invested.  So both amounts will double at the same rate.