This video demonstrates a simple and extremely nifty trick which helps in calculating how soon you can double your money given the rate of interest. This trick is better known as the rule of 72.
Hi, thats a perceptive question. In case of recurring monthly payments the formula works only in the case when the product of the number of payments with the interest equals 72.
Hi, thats a perceptive question. In case of recurring monthly payments the formula works only in the case when the product of the number of payments with the interest equals 72.
swiftmath 2 years ago