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2) the Rule of72
Divide72 by the rate of interest and get the number of years.
>>>>>>>>>>>> 2) the Rule of72
2) >>>>>>>>>>>>>>>the Rule of72
The 'Rule of72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.
I agree, with the answer the Rule of72
Rule of72
This is a rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double.