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If the Rule of 70 gives a doubling time of 56 years, what is the approximate annual growth rate?

Answer and explanation

Correct answer: 1.25 percent

The Rule of 70 is a quick way to estimate how long a population or investment takes to double. It says that doubling time is approximately 70 divided by the annual percentage growth rate. Therefore, when doubling time is known, the growth rate can be found by reversing the operation. The result is expressed as a percentage per year, not as a decimal fraction.

Here the doubling time is 56 years, so the estimated annual growth rate is \(70 \div 56 = 1.25\) percent per year. Thus, option C is correct. Option B, 1 percent, would give a longer doubling time of about 70 years, while 1.5 percent would give a shorter time of about 47 years. The Rule of 70 is approximate, so the answer is an estimate rather than an exact demographic rate.

Related tags

Rule Of 70Growth RatePopulation GrowthThe World Population – DistributionDensity And GrowthThe World Population Distribution Density And GrowthGeographyClass 12 Mcq

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