Answers
The correct answer is option B
Explanation:- The rule of 72 is a useful tool which is used to calculate the duration it takes for the money invested to double at the given rate of interest assuming that the interest rate is compounded annually.
In a competitive market the price and the quantity sold are affected by the interplay of demand and supply. A dollar received today is worth more than a dollar received one year later due to the effect of discounting.
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