[Answer] When would you need to use the Rule of 72?

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When would you need to use the Rule of 72? The Rule of 72 (with calculator) - Estimate Compound Interest 5 Ways to Use the Rule of 72 - wikiHow When would you need to use the Rule of 72? - Brainly.com What is the Rule of 72 in Finance? - Definition & Formula ... What you can determine using the Rule of 72 . How many years it takes an invesment to double How many years it takes debt to double The interest rate must earn to double in a time frame How many times debt or money will double in a period of time. Things to know about the Rule of 72 . The rule of 72 is used as a shorthand way to estimate the number of years it will take for an investment to double based on the rate of return. To use the rule divide 72 by the expected return. For example if you expect a 6 percent return divide 72 by 6 to find it will take about 12 years to double. Thanks for the A2A Anthony Mash sir. I've learnt it recently. The rule of 72 states that with discrete compounding the time taken for an investment to double is ...

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