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Conversely, you can also use the Rule of 72 to identify what interest rate you need to double your money in a certain number of years.

What Is the Rule of 72? The rule of 72 is a shortcut investors can use to estimate how long it will take their investment to double based on a fixed annual rate of return.

The Rule of 72 is a simple formula to estimate how long an investment takes to double. By dividing 72 by the annual return rate, investors can quickly assess growth potential, though it has ...

Compounding helps savings grow by earning interest on the principal and accumulated interest. For instance, Rs. 1,00,000 at 10% for 20 years becomes Rs. 6,72,000.

Credit cards: The rule of 72 is a valuable metric to decide the time period during which you can increase any amount by 100 percent.

A quick take on how the rule of 72 helps investors understand the pathway to building wealth.

The Rule of 72 has likely made its way to many table conversations about money. It’s a simple, almost magical calculation that tells you how long it takes to double your investment. And you don ...