This blog has been shifted to this link. http://puneinvest.com

Friday, March 2, 2012

The Rule of 72 ?


You know that the concept of compounding means  that your money is making more money even while you sleep. One way to see how powerful this can be is called Rule of 72.

Mathematicians say that you can see how long it will take you to double your money simply by divideing 72 by the interest rate.
You investment  10000
Interest rate : 9%

72 / 9% Interest =   8 years

So in 8 years, your money will have doubled to20,000

72  /  8%   =  9 years
72 /   6%   =  12 years
72 /  12%  =   6 years

The Rule of 72 is the formula that will give you the amount of time it takes for your money to double.

Kindly Bookmark this Post using your favorite Bookmarking service:
Technorati Digg This Stumble Stumble Facebook Twitter
YOUR ADSENSE CODE GOES HERE

0 comments:

Post a Comment

 

About Me

My Photo
Rajendra Todkar
View my complete profile

Recent Posts

Recent Comments

| Pune Invest © 2009. All Rights Reserved | Template Style by My Blogger Tricks .com | Design by Brian Gardner | Back To Top |