Rule of 72
Rule of 72
Sep 25, 2024
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49K views · 513 reactions | The Rule of 72 Explained - Mathematical Proof #learnmaths #mathstutor #mathsbasics #neildoesmaths | Neil Does Maths | Facebook
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📘 What is the Rule of 72? ____________________________ The Rule of 72 is a quick mental math shortcut to estimate how long it takes for an investment to double given a fixed annual rate of return. 💡 Examples Example 1: Savings Account - Annual interest rate: 6% - Calculation: 72div 6=12 - Result: Your money will double in about 12 years. Example 2: Stock Investment - Annual growth rate: 9% - Calculation: 72div 9=8 - Result: Your investment doubles in roughly 8 years. Example 3: High-Interest L
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