RULE OF 72
rule of 72.A method for determining how many years it takes to double money invested at a
compound interest rate. • For example, at a compound rate of 6%, it takes 12 years (72 divided by
6) for principal to double. [Blacks Law 8th]
rule of 72.A method for determining how many years it takes to double money invested at a
compound interest rate. • For example, at a compound rate of 6%, it takes 12 years (72 divided by
6) for principal to double. [Blacks Law 8th]