The Rule of 72 : Time required to Double your Money

Hi Friend,

Here is an interesting and Very useful tool,'The Rule of 72'.

Years to double = 72 / Interest Rate

One can do almost all the important financial calculations one need to do, in an easy way, using this formula.

You can know approximately in how many years your money gets doubled at a given rate of return, what will be your expenses like after say 15 years and many more things using this formula.

It is simple but effective in knowing where you will be financially and is greatly useful in fine tuning your Financial Planning.

It also helps you figure out deceiving projections while buying Financial Products.

Please check the following link to know more about it. 

http://betterexplained.com/articles/the-rule-of-72/

Thank You.