Discuss the first part of this activity in a group and note the answers.

The Rule Of 72

Assuming a rate of inflation of 12%, calculate, using the Rule of 72, when the price of goods will double (i.e. the number of years).

Assuming a rate of 10%, use the Rule of 72.

Assuming a rate of 8%, use the Rule of 72.

Angela is set to retire in 27 years’ time. At the moment she earns R5000 per month. If inflation remains at 8% on average, what will Angela have to be earning at the time of her retirement to maintain her standard of living? (Use the Rule of 72).

This response will be reviewed and graded after submission.

Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.

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