The Accounting Review Vol. 52 No. 4 1977
A Note on "Rediscovery" and the Rule of 69.
Abstract
The Rule of 69, an approximation for determining the number of periods in which a sum will double at a given interest rate, was "rediscovered" in 1974. However, the rule actually was derived by an accountant in 1900. This note briefly summarizes the recent "controversy" about the Rule of 69 and mentions some of the historical implications of the 1900 paper on the subject.
- DOI
- 10.2308/tar-4504735
- Volume
- 52
- Issue
- 4
- Pages
- 810-812
- Language
- en
- Sources
- crossref openalex