Best answer

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.

Answered by: Amelio Vazquez-Reina Date created: May 13, 2022

How can I double my money in 4 years?

Asked By: Cameron Skinner Date created: Apr 30, 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: kohske Date created: May 01, 2022

How can I double my money per year?

Asked By: Matee Gojra Date created: Apr 30, 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: Jiaaro Date created: May 03, 2022

How can I double my money in 6 months?

Asked By: lena Date created: May 02, 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: drAlberT Date created: May 04, 2022

How can I double my money in Nigeria?

Asked By: Rob Napier Date created: May 02, 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: bames53 Date created: May 05, 2022

How can I double my money every 3 years?

Asked By: Josh Mc 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: Masa Date created: May 01, 2022

How can I double my money in 1 day?

Asked By: harpo Date created: May 06, 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: Cristian Date created: May 08, 2022

How can I double my money in 21 days?

Asked By: rgettman Date created: May 06, 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: Jon Erickson Date created: May 08, 2022

How can I double my money overnight?

Asked By: cuixiping Date created: May 05, 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: genehack Date created: May 07, 2022

How much money can I give to my child tax-free?

Asked By: Laurie Young Date created: May 14, 2022

The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as a gift to one person, in any given year, without having to pay any gift tax.

Answered By: Nakilon Date created: May 16, 2022

How can I double my money in property?

Asked By: StefanN Date created: May 01, 2022

Rent each room separately, rather than renting out the whole property to one tenant. Your best bet for finding tenants willing to pay a fairly high rent for a single room is college students. Buy a rental property near a college town and advertise it for this demographic, and you will be doubling your money in no time.

Answered By: Dashrath Mundkar Date created: May 03, 2022

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