You can double your investment in 6 years if you can earn 12% on your investments.

Question

Quizplus · Accepted Answer

This is calculated using the rule of 72, which is a helpful shortcut for calculating how long it will take for an investment to double at a given interest rate. Simply divide 72 by the interest rate to get the number of years it will take. In this case, 72 divided by 12 equals 6. Therefore, an investment earning 12% per year would double in 6 years.

You Can Double Your Investment in 6 Years If You