Rule of 72
This is very simple rule. Simply divide 72 by the Annual Interest Rate and this is the time it will take you to double up your money.
For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 9 years (72/8), to double up your money.
This is very simple rule. Simply divide 72 by the Annual Interest Rate and this is the time it will take you to double up your money.
For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 9 years (72/8), to double up your money.
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