Have you all ever wondered how much time does one investment takes to double or how some investors even calculate the near about time of investment being double. | Arshnoor Singh
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Have you all ever wondered how much time does one investment takes to double or how some investors even calculate the near about time of investment being double.
So, there is a Rule of 72 in stocks. Now what is Rule of 72 and how it works let's understand this. This time required to double the investment is calculated using the rule of 72 which requires a definite and fixed rate of interest.
You can divide the rate of return by 72 to get an approximate value of return on investment. Let us understand this with an example, suppose you are investing Rs 1 lakh at the rate of 8%. So 72/8 = 9 i.e. it will take 9 years for your investment to double.
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