AGAIN, a similar method is called the Rule of 110, which indicates - TopicsExpress



          

AGAIN, a similar method is called the Rule of 110, which indicates how long it takes for your money to triple. For example, at 5% interest, since 110 ÷ 5 = 22, it should take ABOUT 22 years to turn $1000 into $3000. This is verified by the calculation $1000(1.05)^22 = $2925.26. The Rule of 70 and The Rule of 110 are based on properties of the number e=2.71828 ... and natural logarithms (studied in precalculus).
Posted on: Tue, 19 Aug 2014 21:24:31 +0000

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