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Ja Rule [1] Attendance. ~5,000. Fyre Festival was a fraudulent luxury music festival organized by Billy McFarland, an American businessman whose enterprises have been characterized by fraud, and American rapper Ja Rule. It was created with the intent of promoting the company's Fyre app for booking music talent.
For higher rates, a larger numerator would be better (e.g., for 20%, using 76 to get 3.8 years would be only about 0.002 off, where using 72 to get 3.6 would be about 0.2 off). This is because, as above, the rule of 72 is only an approximation that is accurate for interest rates from 6% to 10%.
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The Pareto principle may apply to fundraising, i.e. 20% of the donors contributing towards 80% of the total. The Pareto principle (also known as the 80/20 rule, the law of the vital few and the principle of factor sparsity [1] [2]) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). [1]
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