The Rule of 72 is a simple financial formula that estimates how long it takes for an investment to double by dividing 72 by the annual interest rate; for example, at 12% returns, an investment doubles in 6 years (72 ÷ 12 = 6), demonstrating the power of compound interest in growing wealth over time.
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Rule of 72 - Know How Fast Money Can DoubleAñadido:
Want to know how fast your money can double? Use this.
>> [music] >> It's called the rule of 72. Just divide 72 by the interest rate. Say if your mutual fund gives you 12% returns, [music] then 72 divided by 12 equals to 6 years.
That's how long it'll take to double.
So 5 lakh today becomes 10 lakh in 6 years without lifting a finger.
That's the power of the rule of 72.
Simple, powerful, and unforgettable.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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