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Rule of seventy two is used to ascertain the period by which an investment would grow by 100%. 72 divided by rate of interest would provide the approximate period by which the investment would become double. As an example, if the rate of interest is 6% per month, the investment would be doubled in ( 72/6) 12 months.
Rule of 72 thus is an important tool to know the investment horizon.
What else can I help you with?
What is marginal principle?
We will use the utility theory to explain consumer demand and to understand the nature of demand curves. For this purpose, we need to know the condition under which I, as a consumer, am most satisfied with my market basket of consumption goods. We say that a consumer attempts to maximize his or her utility, which means that the consumer chooses the most preferred of goods from what is available. Can we see what a rule for such an optimal decision would be? Certainly I would not expect that the last egg I am buying bring exactly the same marginal utility as the last pair of shoes I am buying, for shoes cost much more per unit than eggs. A more sensible rule would be: If good A costs twice as much as good B, then buy good A only when its marginal utility is at least twice as great as good B's marginal utility. This leads to the equimarginal principle that I should arrange my consumption so that every single good is bringing me the same marginal utility per dollar of expenditure. In such a situation, I am attaining maximum satisfaction or utility from my purchases. This is clear concept of equimarginal principle.
What do you understand by the drain of wealth from India during colonial rule?
all the money was wasted in the war.
What is law of demand and explain the factors affecting demand?
In other words, the law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. If the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated to the change in the price of the good. There are, however, some possible exceptions to this rule.
What was lenins effect on consumer goods?
Lenin's policies, particularly during the early years of Soviet rule, significantly impacted consumer goods by prioritizing industrial production over consumer needs. The shift towards a command economy led to shortages of basic goods, as resources were redirected to heavy industry and military needs. The New Economic Policy (NEP) introduced in 1921 sought to revive the economy by allowing some degree of private enterprise, which temporarily improved the availability of consumer goods. However, the overall focus on collectivization and industrialization continued to limit consumer goods in the Soviet Union throughout Lenin's leadership.
What is the golden rule of profit maximization?
To maximize profit or minimize loss, a firm should produce the quantity at which marginal revenue equals marginal cost; this rule holds for all market structures
What rule or reasoning did you use to decide if an organism is an consumer?
I don't know I was trying to fins the answer to this question cause I was the one who wrote it.
Rule of the roman empire( Tiberius)?
Please rephrase your question because it is difficult to understand what you want to know.
What is the turn around rule?
i dont understand the question. there is no rule!
Does not obey the rule or pattern?
An exception does not obey a rule or pattern. Often, the only way to identify an exception is to know the rule or pattern that should be expected.
What is 4cs in marketing rule?
Consumer, Competition, Communication, Cost.
What is 4c marketing rule?
Consumer, Competition, Communication, Cost.
What do you understand by swaraj?
it is a self-rule
What are the reasons why statesmen should know all different types of government?
Aristotle believed that statesmen and kings should be sophists as well. This is evident by his tutorship of Alexander the great. He taught Alexander that he needed to be wise and understand all types of government so that he would be able to rule justly and with longevity.
Do women know the offside rule?
Yes Women very well especially the ones interested in football know the offside rule. only joking its a bit weird if they do. they should go and shop somewhere
What are aristotles reasons why statesmen should know all the different types of government?
Aristotle believed that statesmen and kings should be sophists as well. This is evident by his tutorship of Alexander the Great. He taught Alexander that he needed to be wise and understand all types of government so that he would be able to rule justly and with longevity.
Why did Wallace hate the English ruling Scotland?
Just like Canadians should rule Canada, Americans should rule America, Irish should rule Ireland, Germans should rule Germany, Australians should rule Australia, Mexicans should rule Mexico etc etc etc. Wallace believed Scots should rule Scotland NOT English.
What are the exceptions to the rule of mendels principles?
a scientific answer that all doctors should know
