For something to double in 10 years it only has to grow by 6.9% per year. This is from a somewhat unusual application of The Rule of 69. Latter is way of determ

For something to double in 10 years it only has to grow by 6.9% per year. This is from a somewhat unusual application of The Rule of 69. Latter is way of determining doubling time of something that grows by x%: just divide 69 by x and that will be the doubling time in periods. So if the DB grows by 10% weekly, then it will double in 6.9 weeks. If the interest rate is 3% then the debt will double in years, etc. The Rule of 69 is good for a approximation, that works well with low single digit increases.