mindgitrwx (mindgitrwx)

Race #3350

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Official speed 63.58 wpm (73.61 seconds elapsed during race)
Race Start March 13, 2019 11:29:37pm UTC
Race Finish March 13, 2019 11:30:50pm UTC
Outcome No win (2 of 5)
Opponents 1. miniuzziz (72.55 wpm)
Accuracy 96.0%
Points 82.66
Text #757 (Length: 390 characters)

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).