How much time it is going to take the double the money?
The Rule of 72 helps you to understand the time it would take to return your money based on specific interest rate.
Time taken to double your money = 72/ rate of return on investment
Let's understand with example
Suppose your annual return of investment is 10% Use the formula, in this case - 72/10 7.2, So it will take 7.2 years to double the investment
Understand how much time it is going to take to double your investment with Rule of 72. Strategize your investment accordingly.