To use the rule, divide 72 divided by the investment return (or interest rate your money will earn).

The answer will tell you the number of years it will take to double your money.

For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24)..

Answered by: Robert Tirta Date created: May 15, 2022

## How can I double my money in 4 years?

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: nettoon493 Date created: May 05, 2022

## How can I double my money per year?

Asked By: Tomasz Mularczyk Date created: May 05, 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: Sylvain Leroux Date created: May 06, 2022

## How can I double my money in 6 months?

Asked By: Chen A. Date created: May 11, 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: Jin Kim Date created: May 13, 2022

## How can I double my money in Nigeria?

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: JNK Date created: May 04, 2022

## How can I double my money every 3 years?

Asked By: Lukasz Wiktor Date created: Apr 29, 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: snakecharmerb Date created: May 01, 2022

## How can I double my money in 1 day?

Asked By: Ferdinand Beyer Date created: Apr 27, 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: Marcel Jackwerth Date created: Apr 28, 2022

## How can I double my money in 21 days?

Asked By: Pol Date created: May 09, 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: JeffV Date created: May 09, 2022

## How can I double my money overnight?

Asked By: SCdF Date created: May 07, 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: Neville Kuyt Date created: May 09, 2022

## How can I double my money in SBI?

Asked By: systempuntoout Date created: May 04, 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: disinfor Date created: May 07, 2022

## How can I double my money in share market?

Asked By: techraf Date created: May 05, 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.

...

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: Jason Cohen Date created: May 05, 2022

Professor

### Can I gift money to my son UK?

This is called the \$10,000 rule. A maximum of \$30,000 can be gifted over a rolling period of 5 financial years, but must not exceed \$10,000 in any 1 year to avoid deprivation. Only \$30,000 of gifting in a 5 year period can be exempted.

Professor

### How fast can I double my money in the stock market?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

Professor

### Why is money transaction system better than water system?

1 Answer. (i) Transaction system is better than barter system because double coincidence of wants creates problem. ... (iv) In contrast, in an economy where money is in use; money by providing the crucial intermediate step eliminates the need for double coincidence of wants.

Professor

### How much money should I give my teenager?

Watch Your Step Forget what you got as a kid—that's out of date. Today, a key rule of thumb in setting allowances is paying a dollar a year: Pay \$1 for each year of your child's age.

Professor

### How can I keep money safe abroad?

Here are my top 14 tips on how to keep your money safe while travelling:Before You Leave.1) Keep your Bank In-the-know.2) Take Note of Contact Details.3) Have a Contingency Plan.4) Switch it up and Get Some Local Currency.5) Double Up and Take Copies.The Obvious (To Some) Tips.6) Don't leave your belongings unattended.More items...•

Professional

### How long will it take for your money to double if the interest is compounded continuously?

The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years. The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually.

Professional

### How can I double my money legally?

4 Simple Ways to Double Your MoneyInvesting. Investing is one of the best ways to grow your wealth because there's a good chance your annual rate of return will outpace inflation, gradually increasing your net worth. ... Use a high-yield savings account. ... Start a side hustle. ... Spend less to double your savings.

Professional

### How do I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years.

Professional

### Can I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return.

1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years.

...

If you invest at a 7% return, you will double your money every 10.2 years..

Professional

### How can I double my money in savings?

Speculative ways to double your money may include option investing, buying on margin, or using penny stocks.

The best way to double your money is to take advantage of retirement and tax-advantaged accounts offered by employers, notably 401(k)s..

User

### How can I double my money on the market?

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.

User

### Can I double my money in 5 years?

Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5).

If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year.

Rule of 72 provides an approximate idea and assumes one time investment..

User

### How can I double my money in 3 years?

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).

User

### How can I double my money in 30 days in India?

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

User

### How can I double my money in a month?

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 23, 2020

Guest

### How can I double my money in a year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn). The answer will tell you the number of years it will take to double your money. For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24).

Guest

### How can I double my money in bank?

Here are some options to double your money:Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. ... Kisan Vikas Patra (KVP) ... Corporate Deposits/Non-Convertible Debentures (NCD) ... National Savings Certificates. ... Bank Fixed Deposits. ... Public Provident Fund (PPF) ... Mutual Funds (MFs) ... Gold ETFs.More items...

Guest

### How can I double my money in gambling?

The best way to double your money when gambling in a casino—if you're playing a game where the house has an edge—is to make the maximum boldness move. Bet your entire bankroll on an even-money bet. The best bets for this purpose are roulette and casino war, but roulette is actually superior.

Guest

### How can I double my money in my bank account?

How to Double Your MoneyInvest in the Stock Market.Invest in Real Estate.Open a Savings Account.Lend Your Money to Someone Else.Pay Off Debt.Mar 31, 2021

Guest

### How can I double my money in one year?

The Classic Way—Earning It Slowly The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

Guest

### How can I double my money in post office?

Kisan Vikas Patra (KVP) is a Post Office Saving Scheme that gives you double the amount of your investment upon maturity.

Guest

### How can I double my money trading?

The Classic Way to double your money Buy a currency pair in low quantity and hold it for the long-term. Or one can trade currencies positionally with a slightly long-term perspective. If a risk-reward ratio of 1:2 is deployed, you're bound to double your money in 35 trades, assuming you don't have drawdowns or losses.

Guest

### Where should I invest my money for 1 year?

Best Investment Plans for 1 YearDebt Mutual Funds.Fixed Maturity Plans.Arbitrage Mutual Funds.Post Office Term Deposit.Fixed Deposit.Recurring Deposit.Jan 5, 2021

Guest

### How can I double my money in one month?

1. Mutual funds: If you have an investment horizon of around 6 to 7 years, mutual funds are the best option to see your money double. They are a safe way to push your money in the investment market and can eventually provide a return of around 12% to 14 %.

Guest

### How can I double my money in stock market?

The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide your expected annual rate of return into 72. The result is the number of years it will take to double your money.

Guest

### How can I double my money in stocks?

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.

Guest

### At what annual rate of interest compounded yearly Will money double in 8 years?

9% per yearThe Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

Guest

### At what rate of interest will a sum of money double in 5 years?

14.4% per yearSimilarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

Guest

### At what rate of simple interest will a sum of money doubles itself in 1 year?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.

Guest

### At what rate Percent of simple interest will a sum of money double itself in 2 years?

So rate of interest should be 3 (1/3) to get some of money double itself..

Guest

### At what rate percent on simple interest will a sum of money double itself in 30 years *?

So rate of interest should be 3 (1/3) to get some of money double itself.

Guest

### Can I double my money in stocks?

Yes, You can double your money in the stock market in one month and even in less than 1 month. Keep one thing in mind - higher the returns, higher the risk. You can join my educational telegram channel of stock market - Stocks Investment & trading.

Guest

### How can I double my money in 5 years?

This is the number of years it will take for your money to double. For example, if your money is earning an 8 percent interest rate, you'll double your money in 9 years (72 divided by 8 equals 9). Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4).

Guest

### How can I double my money fast?

Investing. Investing is one of the best ways to grow your wealth because there's a good chance your annual rate of return will outpace inflation, gradually increasing your net worth. ... Use a high-yield savings account. ... Start a side hustle. ... Spend less to double your savings.

Guest

### How fast does money grow?

An investment that grows at 8% each year takes 9 years to double, while one that grows at 7% a year, doubles in 10.3 years. Just 1% more means… One-and-a-half year more of your money working for you, rather than you working for money!

Guest

### How much money does Netflix make in a year?

In 2018 Netflix brought in a total of \$16 billion in annual revenue, up 35% year over year. The online streaming platform also grew its net income to \$1.2 billion last year, double what it was in 2017.

Guest

### How can I double my money in 12 months?

Secrets to Double Your Money in 12 Months:Be very careful of frauds: ... Learn the 401 k plan: ... Boost your leverage: ... Boost your value at work: ... Start something new: ... Dividend Stocks: ... Saving those products that are high in interest: ... Something you should always remember:More items...

Guest

### How can I double my money in Canada?

Do you want to make more money? Canadian Cash Solutions offer 5 Ways to Double Your money?Invest in a 401 (k) plan. The safest and the easiest way to double your money is by setting up a 401 (k). ... Purchase Bonds. Bonds are like fixed-income investments. ... Real Estate. ... Stocks. ... Set up a small business.

Guest

### How can I gift money without being taxed?

Double (or quadruple) your limit. The key to avoiding a paying gift tax is to give no more than the annual exclusion amount to any one person in a given tax year. For 2020, that amount is \$14,000. This means if you want to give ten people \$15,000 each in one year, the IRS won't care.

Guest

### How can I make my money double in a day?

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

Guest

### How much money should I give my 12 year old?

Today, a key rule of thumb in setting allowances is paying a dollar a year: Pay \$1 for each year of your child's age. Under this scenario, your 8-year-old would get \$8, while your 12-year-old would receive \$12.

Guest

### How can I make my money double in 5 years?

Here are some options to double your money:

• Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
• Kisan Vikas Patra (KVP)
• Corporate Deposits/Non-Convertible Debentures (NCD)
• National Savings Certificates.
• Bank Fixed Deposits.
• Public Provident Fund (PPF)
• Mutual Funds (MFs)
• Gold ETFs.

Guest

### How can I double my money in 10 years?

The Rule of 72 states that the amount of time required to double your money equals 72 divided by your rate of return. For example: If you invest money at a 10 percent return, you will double your money every 7.2 years.

Guest

### How can I double my money in 7 years?

The most basic example of the Rule of 72 is one we can do without a calculator: Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years.

Guest

### How can I double my money in a month in India?

In this post we tell you legitimate ways of doubling your money and the associated risk with each option.1 Kisan Vikas Patra (KVP)2 Bank Fixed Deposits.3 Corporate Bonds (NCDs)/Deposits.4 Mutual Funds. 4.1 Debt or Arbitrage Mutual Funds. ... 5 Stock Market.6 Gold.7 Real Estate.8 Double your Money Calculator (Rule of 72)More items...•Apr 12, 2021

Guest

### How can I double my money in India?

In this post we tell you legitimate ways of doubling your money and the associated risk with each option.1 Kisan Vikas Patra (KVP)2 Bank Fixed Deposits.3 Corporate Bonds (NCDs)/Deposits.4 Mutual Funds. 4.1 Debt or Arbitrage Mutual Funds. ... 5 Stock Market.6 Gold.7 Real Estate.8 Double your Money Calculator (Rule of 72)More items...•Apr 12, 2021

Guest

### How can I double my money investment?

Here are some options to double your money:

1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
2. Kisan Vikas Patra (KVP)
3. Corporate Deposits/Non-Convertible Debentures (NCD)
4. National Savings Certificates.
5. Bank Fixed Deposits.
6. Public Provident Fund (PPF)
7. Mutual Funds (MFs)
8. Gold ETFs.

Guest

### Can I double my money in a year?

The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

Guest

### How long does a sum of money takes to double itself at a simple interest rate of 7.5% per annum?

The rule states that an investment or a cost will double when: [Investment Rate per year as a percent] x [Number of Years] = 72. The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

Guest

### How long does it take to double your money at 5 percent interest?

14.4 yearsOr, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4). If your money is earning a measly 1 percent interest rate, it will take you—yep, you guessed it—a whopping 72 years to double it.