Answer to Question #84320 in Financial Math for Roro Batis

Question #84320

If a property value is increasing by 10% a year. How long will it take for the property value to double.

Expert's answer

If a property value is increasing by 10% a year, then according to the rule of 72 it will take for the property value 72/10 = 7.2 years to double.

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