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The Rule of 72:
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    • The Rule of 72:
    The Rule of 72:
    The Rule of 72 is a great (http://betterexplained.com/articles/mental-math-shortcuts/) to estimate the effect of any growth rate, from quick financial calculations to population estimates. Here’s the formula: Years to double = 72 / Interest Rate This formula is useful for **financial estimates** and understanding the nature of compound interest. Examples: *
    Source: betterexplained.com
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    The Rule of 72 is a great (http://betterexplained.com/articles/mental-math-shortcuts/) to estimate the effect of any growth rate, from quick financial calculations to population estimates. Here’s the formula: Years to double = 72 / Interest Rate This formula is useful for **financial estimates** and understanding the nature of compound interest. Examples: *

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