Tuesday, 18th December 2012
Magic Rule of 72.
If you want to double your investment, how many years are required with the interest rate of 8.5 % ?
Can you answer it in one minute?
Yes! there is rule no 72 for this. You divide 72 by interest rate and the answer will be the number of years to double your money.
Suppose you are investing Rs 1lac @9% interest rate. then 72/9= 8 years will br required to double your money.
Is is not great idea ? Use it before investing in any instrument.
Magic Rule of 72.
If you want to double your investment, how many years are required with the interest rate of 8.5 % ?
Can you answer it in one minute?
Yes! there is rule no 72 for this. You divide 72 by interest rate and the answer will be the number of years to double your money.
Suppose you are investing Rs 1lac @9% interest rate. then 72/9= 8 years will br required to double your money.
Is is not great idea ? Use it before investing in any instrument.
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