Saving & Compound InterestCompound Interest
The Rule of 72
Divide 72 by the rate to see how fast money doubles
One number, 72, tells you how fast any money doubles, and an Italian wrote it down in 1494. How does it work?
You'll find out
- How long 6% takes to double
- How close the shortcut gets
- Why it works on prices too
Why it matters
Every rate, on savings, loans or prices, hides a doubling time. The rule of 72 shows it in seconds.
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