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When would you need to use the Rule of 72?
Leaving $1 dollar in the bank at 9% interest for 16 years
What is rule 72?
How long it will take for your money to double/divide the annual interest rate into 72.
Who came up with the rule of 72?
Benjamin Franklin came up with this equation.
What is the best diffinition for rule 72?
the number of years it takes for your money to double can be estomated by dividing 72 by the annual percentage interest rate.
What is the rule for 72 63 54 45 36?
Each step is nine less.
When would you need to use the Rule of 72?
Leaving $1 dollar in the bank at 9% interest for 16 years
How can the rule of 72 be used to predict the amount of time it will take for an investment to double?
The rule of 72 is a simple formula used to estimate how long it will take for an investment to double in value. To use it, divide 72 by the annual rate of return on the investment. The result is the approximate number of years it will take for the investment to double.
How long did asoka rule?
72 years
Who discovered the rule of 72?
Albert Einstein
What is the rule 72?
Rule of 72 is a method that you can use to estimate the time your investments will double.I will give you the formulas and examples of how to apply them1) 72/interest=years2)72/years=interestExample 1: An investor is earning an interest of 10%. How many years will it take for her investments to double.Solution: 72/10= answerExample 2: An investor wants to double her money in 9 years, at what rate of interest must she earn for her investment to double in 9 years?Solution: 72/9=answer
What are the release dates for The Girl's Guide to Depravity - 2012 Rule 72 The Unavailable Rule 1-10?
The Girl's Guide to Depravity - 2012 Rule 72 The Unavailable Rule 1-10 was released on: USA: 30 March 2012 Japan: 15 September 2012
What is rule 72?
How long it will take for your money to double/divide the annual interest rate into 72.
How long did Louis XVI rule for?
About 18 years.
How long does Oxycontin stay in urine?
As a general rule.....72 hours.
What is the best definition of the rule 72?
The best definition for 72 is the number before 73 and after 71.
Who came up with the rule of 72?
Benjamin Franklin came up with this equation.
Why should a consumer know and understand the rule of 72?
Rule of seventy two is used to ascertain the period by which an investment would grow by 100%. 72 divided by rate of interest would provide the approximate period by which the investment would become double. As an example, if the rate of interest is 6% per month, the investment would be doubled in ( 72/6) 12 months. Rule of 72 thus is an important tool to know the investment horizon.
