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Rule of 72 is used to calculate time when your money is doubled with compound interest rate. Whether you invest your money in Mutual Funds, Fixed deposit (FD), Stock Market, PPF (Public Provident Fund) or Saving Account or any other investment alternative, you can calculate when your money is doubled with the power of compounding with the rule of 72. This rule give you a rough idea about time needed to multiply your invested money by 2.
This video explain the concept in great detail with the help of example and with the help of calculations.
This will certainly help you to select best asset class for your investment in no time.
In this video, we have explained:
What is the rule of 72?
How to calculate the time in which the money will double with compounding interest rate?
LINKS:
PPF account details
https://youtu.be/Pjxzkc87tvw
What is mutual fund?
https://youtu.be/3XeNpY9qY60
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