The Power of Compounding: How to Grow Rs 5 Lakh to Rs 10 Lakh & How Many Years It Takes
Zee Business Video Team | Updated: November 14, 2024 07:21 PM IST
The Rule of 72 is a simple yet powerful formula that helps estimate how long it will take to double your investment. If you aim to grow Rs 5 lakh into Rs 10 lakh, this rule offers a quick calculation based on interest rates, revealing the potential of compound interest. By dividing 72 by the interest rate, you can determine your doubling time, making it easier to set financial targets and make smarter investment choices. You can plan your wealth growth with this essential tool.
