RULE OF 72 | How to double your money

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The Rule of 72 is a simple formula used to estimate how long an investment will take to double in value based on a fixed annual interest rate. It helps investors quickly understand the impact of interest rates on their investments. The formula is: \[ \text{Time to double (years)} = \frac{72}{\text{Annual interest rate (\%)}} \] For example, if you have an investment with an annual return of 6%, it will take approximately: \[ \frac{72}{6} = 12 \text{ years to double.} \] The rule works best for moderate interest rates (usually between 6% and 10%) and assumes compound interest. It's a quick mental calculation and is popular for financial planning.