What is the 72 Rule?

Author: loot
Posted: Wed Dec 24, 2003 4:24 pm
Post subject: Rule of 72

What is the rule of 72 ?

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Author: Pale Rider
Posted: Thu Jan 22, 2004 9:32 pm
Post subject: Rule of 72

If I am not mistaken, divide 72 by the interest rate you are getting and that will give you the number of years it will take to double your money.

Example: 72 / 10 = 7.2 years to double your money at 10% interest rate