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The formula for the Rule of 72 is ____.

User Morten OC
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At 6% interest, your money takes 72/6 or 12 years to double.To double your money in 10 years, get an interest rate of 72/10 or 7.2%.If your country’s GDP grows at 3% a year, the economy doubles in 72/3 or 24 years.If your growth slips to 2%, it will double in 36 years. If growth increases to 4%, the economy doubles in 18 years. Given the speed at which technology develops, shaving years off your growth time could be very important.
User Ye Min Htut
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7 votes
years to double equals 72 divided by the interest rate
User Acidjunk
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