Race Updates Discord About Merch
Home Profile History Competitions Texts Upgrade

typeracer

Pit Stop
Racer Savu (macaroanaman)
Race Number 276
Date Fri, 20 Mar 2020 15:33:55
Speed 83 WPM Try to beat?
Accuracy 98.1%
Rank 4th place (out of 4)
Opponents manjrnm (3rd place) onecarpileup (2nd place) vilius8 (1st place)

Text typed:

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)

Typing Review: