rule of 72 | Aviva India
Submitted by admin1 on Tue, 06/16/2015 - 12:55
Glossary Category
R

The formula for approximating the time it will take for a given amount of money to double at a given compound interest rate. The formula is simply 72 divided by the interest rate. In six years, Rs. 1000/- will double at a compound annual rate of 12% (72 divided by 12 equals 6)

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