Money Guru: How to get double profit?
Rule of 72 is a trading method used by investors to determine and understand the time it will take for an investment to double based on the fixed annual rate of interest. The Rule of 72 is quite simple and straightforward and requires 72 to be divided by any financial instrument’s annual rate of interest. The result gives a rough estimate of the time it will take to double the investment’s value.
Written By: Zee Business Video Team