The Rules of 72

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What is Rule of 72 in investment explain with an example?

The rule of 72 is a method used in finance to quickly estimate the doubling or halving time through compound interest or inflation, respectively. For example, using the rule of 72, an investor who invests RM1,000 at an interest rate of 4% per year, will double their money in approximately 18 years.

The Rules of 72