Mental calculation in the context of Phonological loop

The term "computer", in use from the early 17th century (the first known written reference dates from 1613), meant "one who computes": a person performing mathematical calculations, before electronic calculators became available. Alan Turing described the "human computer" as someone who is "supposed to be following fixed rules; he has no authority to deviate from them in any detail." Teams of people, often women from the late nineteenth century onwards, were used to undertake long and often tedious calculations; the work was divided so that this could be done in parallel. The same calculations were frequently performed independently by separate teams to check the correctness of the results.

Since the end of the 20th century, the term "human computer" has also been applied to individuals with prodigious powers of mental arithmetic, also known as mental calculators.

In finance, the rule of 72, the rule of 70 and the rule of 69.3 are methods for estimating an investment's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling. Although scientific calculators and spreadsheet programs have functions to find the accurate doubling time, the rules are useful for mental calculations and when only a basic calculator is available.

These rules apply to exponential growth and are therefore used for compound interest as opposed to simple interest calculations. They can also be used for decay to obtain a halving time. The choice of number is mostly a matter of preference: 69 is more accurate for continuous compounding, while 72 works well in common interest situations and is more easily divisible.