The Rule of 72 is a quick way to estimate the amount of time it will take for the money you're investing to double at any given interest rate.
The way to calculate it is as follows:
Approximate Time to double your money = 72 / rate of interest
Here's a link to an article on how the math behind this formula works.
"Why the Rule of 72 Works"
The way to calculate it is as follows:
Approximate Time to double your money = 72 / rate of interest
Here's a link to an article on how the math behind this formula works.
"Why the Rule of 72 Works"