Doubling Your Money

Compound Interest

The Rule of 72

When compounding money why go through using complicated logarithms when you can simply divide by a number. This number is 72. Below are the steps on how to do it.

First...

Create a Fraction of 72 and the Interest Rate:


72 (seventy-two)

6 ( so this is 6%)

THEN

SIMPLY DIVIDE

So that means (in this example) your money will have doubled in 12 years!!