Sterling Terrell

smart ideas from books (mostly)

  • Home
  • About
    • My CV
    • Books
    • Series
  • Newsletter
  • Advertising
  • Tools
You are here: Home / Potpourri / Economics 101: The Rule Of 72

Economics 101: The Rule Of 72

Economics 101: The Rule Of 72

What is the rule of 72?

The Rule Of 72 says that if you take the number 72 and divide it by an interest rate, you get the number of years it will take, at that interest rate, for your money to double.

For example:

72 / 10 = 7.2

At an interest rate of 10%, it takes 7.2 years for your money to double.

72 / 7 = 10.3

At an interest rate of 7%, it takes 10.3 years for your money to double.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: PotpourriTagged With: #Economics101

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Subscribe to Blog via Email

Notifications of all new posts by email.

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Search

Top Posts

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • Wonder Park Pi Song (Watch It Stick In Your Head)
    Wonder Park Pi Song (Watch It Stick In Your Head)
  • Can You Solve The Bat And Ball Riddle?
    Can You Solve The Bat And Ball Riddle?
  • Instabooks 169
    Instabooks 169
  • How Neat Handwriting Is For The Birds
    How Neat Handwriting Is For The Birds
  • Hyatt Hill Country Sunday House
    Hyatt Hill Country Sunday House
  • The Briefcase Technique
    The Briefcase Technique
  • Another Great Riddle For You To Try
    Another Great Riddle For You To Try
  • 31 Persuasion Tips That I Learned From Scott Adams
    31 Persuasion Tips That I Learned From Scott Adams
  • King Of Love, By: I Am They
    King Of Love, By: I Am They

Supporting = Loving

Buy Me a Coffee

Recent Posts

  • Shoe Will Be The Next To Drop
  • Random Thoughts – 383
  • Asymmetric Opportunities To Tilt Luck
  • Where I Sit 26
  • X.com

Copyright © 2023 · Generate Pro On Genesis Framework · WordPress · Log in