Understanding the Rule of 72: Doubling Your Money

The Rule of 72 is a quick trick to figure out how long it takes your money to double.

It helps you plan for financial goals like retirement.

It helps to estimate how long it would take to double your investment.

To use it, divide the number 72 by the interest rate.

The answer is the number of years it would take for your investment to double.

It's a simple, do-it-yourself tool for investors.