Best answer

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?

Asked By: Konrad Rudolph Date created: May 03, 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: 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?

Asked By: Vlad Bezden Date created: May 01, 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: 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.

...

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: Jason Cohen Date created: May 05, 2022

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