How The Rule Of Seventy Two Can Help Double Your Money India Dictionary

What Is The Rule Of 72 What is the rule of 72? the rule of 72 is a quick formula used to estimate the number of years it will take for an investment to double, given a fixed annual rate of return. the formula is simple: years to double = 72 ÷ annual rate of return. this means your investment would double in approximately 9 years at an 8% return. If you wish to double your money, the rule of 72 exhibits you how to do so in about seven years without taking on an excessive amount of risk. the rule states that the amount of time required to double your money can be estimated by dividing seventy two by your rate of return.

10 Ways To Double Your Money Fast In India Formula number of years to double the money = 72 interest rate the doubling period calculation can be done by “rule of 72” if you invest money in different investment options like fixed deposits, savings accounts, mutual funds, etc. assuming that the fixed rate of interest is: 1%, it will take 72 years to double your money (72 1 = 72). Conclusion the rule of 72 is a valuable tool for any investor looking to double their money efficiently. whether opting for a long term investment plan, a short term investment plan, or a one time investment plan, understanding this principle can help you make informed decisions. A simple method for estimating how long it will take for an investment to double based on its fixed yearly rate of return is the rule of 72. you may calculate roughly how long it will take for your portfolio to double in size by dividing 72 by the fixed rate of return expected from the investment. 1.the rule of 72 indicates how fast your money will double at a given rate of return. 2.when you divide 72 by the estimated annual rate of return, you get the number of years it will take for your money to double. so, if you are getting 8% return annually, it would take 72 8 = 9 years to double.

How The Rule Of 72 Can Help You Double Your Money A simple method for estimating how long it will take for an investment to double based on its fixed yearly rate of return is the rule of 72. you may calculate roughly how long it will take for your portfolio to double in size by dividing 72 by the fixed rate of return expected from the investment. 1.the rule of 72 indicates how fast your money will double at a given rate of return. 2.when you divide 72 by the estimated annual rate of return, you get the number of years it will take for your money to double. so, if you are getting 8% return annually, it would take 72 8 = 9 years to double.