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How much time it takes to double your money

By   /   April 26, 2013  /   2 Comments

Double

Investors commonly ask the question: How long would it take to double the amount !!!…Here comes a Handy Rule of 72. It may give you a approx. time in which the money invested will be doubled. Say rate of interest is 9% & you want to know after how much time your money will double, just divide 72 by 9 to get the desired result; 72/9= 8 years.

Find below a handy calculator to find the time in which your money will be doubled. You just need to enter the rate of interest.

 

www.financialkundali.com

www.financialkundali.com

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About the author

Hi My name is Hari Om Tripathi. I am an engineer by chance & a Personal Financial Planner by choice. Currently residing in Kanpur & writing full time for Financial Kundali. In case you have any query about Personal Financial Planning such a buying a MF or ULIP, going for a life insurance plan or a term plan, to surrender your policy or not or any other questions related to your Personal Financial Planning, write to me at financialkundali@gmail.com

2 Comments

  1. Priti says:

    Nice rule. How to download the calculator.

  2. Click on the 1st small green colour tab on black strip.

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