Guest
Race Result Details |
| Racer | Jesse (descill) |
| Race Number | 11 |
| Date | Sat, 29 Feb 2020 20:57:36 |
| Speed |
70 WPM
 Try to beat?
|
| Accuracy | 96.9% |
| Rank | 1st place (out of 3) |
| Opponents | avallett (2nd place) |
Text typed:
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A useful rule, called "the rule of 72," provides a shortcut way to determine how long it takes for money to double. Take the interest rate you earn and divide it into the number 72, and you get the number of years it will take to double your money. For example, if the interest rate is 15 percent, it takes a bit less than five years for your money to double (72 divided by 15 = 4.8 years).
— (book)
by Burton G. Malkiel
(see stats)
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