Divide 72 by the annual interest rate to calculate how long to double your money.
In other words, if interest rates are 10%, then it will take just over 7 years for you to double your money.
This is the magic of compounding.
Remember it.
Divide 72 by the annual interest rate to calculate how long to double your money.
In other words, if interest rates are 10%, then it will take just over 7 years for you to double your money.
This is the magic of compounding.
Remember it.