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Multiple Choice Question

Which of these statements correctly defines the Rule of $72?$

The Rule of $72$ is the theory that money has a $72$ percent probabilty of doubling in value within a ten$-$year period.

The Rule of $72$ states that you can double your money in one year if you can earn a rate of return of $72$ percent for the year

The Rule of $72$ provides an approximation of the number of years needed to double your money given a particular rate of interest.

The Rule of $72$ provides an exact number of years needed to double your money if the intorest rate is $7\mathrm{.}2$ percent.

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