Best answer

Rule of 72 defined The rule of 72 is a straightforward way that you can calculate how long it will take for your money to double based on an average annual rate of return. Using the rule, you take the number 72 and divide it by this expected rate.

Answered by: IBAction Date created: May 14, 2022

How can I double my money in 4 years?

Asked By: Pavel_K Date created: May 09, 2022

If you divide your expected annual rate of return into 72, you can find out how many years it will take you to double your money. Let's say, for example, that you expect to get returns of 10 percent a year. Divide 10 into 72, and you discover the number of years it takes you to double your money, which is seven years.

Answered By: Dan D. Date created: May 11, 2022

How can I double my money per year?

Asked By: jessegavin Date created: May 07, 2022

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. For example: If you invest money at a 10% return, you will double your money every 7.2 years.

Answered By: Daniel Earwicker Date created: May 08, 2022

How can I double my money in 6 months?

Asked By: shoosh Date created: May 12, 2022

Here are some best 5 ways to double your money fast.Stock Market. Investments made in the stock market have always given a high rate of returns to people. ... Mutual Funds (MFs) ... National Savings Certificates. ... Corporate Deposits/Non-Convertible Debentures (NCD) ... Kisan Vikas Patra (KVP)

Answered By: Stennie Date created: May 12, 2022

How can I double my money in Nigeria?

Asked By: OneCricketeer Date created: May 10, 2022

Below are some carefully selected ways you can double your money in Nigeria.Put your assets to work:Buy shares:Dividend re-investment:Federal Government of Nigeria (FGN) bonds:Forex trading:Cryptocurrency trading:Cryptocurrency investment platforms:Setting up a side hustle:More items...

Answered By: Patrick Shaughnessy Date created: May 13, 2022

How can I double my money every 3 years?

Asked By: JD Isaacks Date created: May 08, 2022

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

Answered By: M.Innat Date created: May 10, 2022

How can I double my money in 1 day?

Asked By: acjay Date created: May 04, 2022

Here are some best 5 ways to double your money fast.Stock Market.

Investments made in the stock market have always given a high rate of returns to people.

...

Mutual Funds (MFs) ...

National Savings Certificates.

...

Corporate Deposits/Non-Convertible Debentures (NCD) ...

Kisan Vikas Patra (KVP)Apr 29, 2019.

Answered By: troelskn Date created: May 06, 2022

How can I double my money in 21 days?

Asked By: Murat Colyaran Date created: May 08, 2022

ROI – Rs 15000/- – Rs 50000/- of investment will get 10% return per month, Rs 50000 and above of investment will get 14% return per month for 101 months.

Answered By: Thoriya Prahalad Date created: May 08, 2022

How can I double my money overnight?

Asked By: Santiago Corredoira Date created: May 12, 2022

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items...•Jul 22, 2020.

Answered By: Karolos K. Date created: May 12, 2022

How can I double my money in SBI?

Asked By: Patoshi パトシ Date created: May 08, 2022

If you invest the same amount in SBI Fixed Deposit, it will grow to just Rs 8965 in 113 months. Rs 10,000 will grow to Rs 1,79,31 and Rs 1 lakh to Rs 1,79,318 in the same period in SBI, according to SBI's online maturity value calculator. The SBI is currently offering 6.25 interest on deposits for 5-10 years.

Answered By: Irvin Jay G. Date created: May 09, 2022

How can I double my money in share market?

Asked By: Jannie Theunissen Date created: May 11, 2022

2 Investing Tricks to Double Your MoneyWait for it.

Waiting is a tried-and-true method for doubling your money in the stock market.

...

Buy when everyone else sells.

If you play around with the Rule of 72, you'll quickly realize that you can expedite the doubling of your money by increasing your rate of return..

Answered By: DigitalRoss Date created: May 11, 2022

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