Race Updates Discord About Merch
Home Profile History Competitions Texts Upgrade

typeracer

Pit Stop
Racer Victor (susavile)
Race Number 27594
Date Mon, 14 Jan 2019 16:20:16
Speed 78 WPM Try to beat?
Accuracy 97.1%
Rank 2nd place (out of 3)
Opponents slamueldunk (3rd place) trob388 (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: