What Is Rule of 72? | Example and When to Use
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financestrategists.com
What Is Rule of 72? | Example and When to Use
The rule of 72 is a simple way to estimate how long it will take for an investment to double. Here's how to use it, along with an example. Click here.
924 viewsJun 2, 2020
Rule of 72 Explained
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Financial knowledge is power; Rule 72 is a simple formula created by mathematicians in the 15th century to estimate how long it takes your money to double. You divide 72 by the interest rate to get the number of years. Example: at 8 percent, 72 ÷ 8 = 9 years to double your money. Albert Einstein called compounding the 8th wonder of the world, and Rule 72 shows you exactly why. Learning this little tricks changes your mentality about money. | Claudinha Gadelha
Financial knowledge is power; Rule 72 is a simple formula created by mathematicians in the 15th century to estimate how long it takes your money to double. You divide 72 by the interest rate to get the number of years. Example: at 8 percent, 72 ÷ 8 = 9 years to double your money. Albert Einstein called compounding the 8th wonder of the world, and Rule 72 shows you exactly why. Learning this little tricks changes your mentality about money. | Claudinha Gadelha
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