Rule of 72
another measure of money's velocity.this rule measures the interest or annual percentage
growth of something.
simply dividing the number 72 by the interest or the percentage of gain in value to give the relative speed your money will double.
For example, if you receive 10% interest on your savings, your money will double in 7.2 years.
growth of something.
simply dividing the number 72 by the interest or the percentage of gain in value to give the relative speed your money will double.
For example, if you receive 10% interest on your savings, your money will double in 7.2 years.
