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Marginal Revolution University
What Is the Rule of 70?
What’s the “rule of 70?” The rule of 70 is an easy method of estimating how quickly a variable will double if you know its annual growth rate. If a variable is growing at a rate of x% per period, you simply take 70 and divide it by x. The rule of 70 is useful for all sorts of applications. For example, if you’ve saved some money in an ...
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