How to calculation double your money as given the interest rate? you have follow FORMULA ""Rule of 72""
1. The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.
for example:-
if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
72÷8 =9
(72 is Formula Rule) (8 is the interest rate by given) (9 is the answer of how many year you will double your money)
Esta página pode conter conteúdo de terceiros, que é fornecido apenas para fins informativos (não para representações/garantias) e não deve ser considerada como um endosso de suas opiniões pela Gate nem como aconselhamento financeiro ou profissional. Consulte a Isenção de responsabilidade para obter detalhes.
#Gate.ioFantasticPosts
FORMULA RULE OF 72
How to calculation double your money as given the interest rate?
you have follow FORMULA ""Rule of 72""
1. The rule says that to find the number of years required to double your money at a given interest rate, you
just divide the interest rate into 72.
for example:-
if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
72÷8 =9
(72 is Formula Rule)
(8 is the interest rate by given)
(9 is the answer of how many year you will double your money)