Eg. With 8% per annum,
72/8 = 9 years.
with 12% per annum,
72/12 = 6 years.
share any other easy methods to calculations regarding finance.
Last edited by light on Sat Oct 29, 2011 10:54 pm; edited 1 time in total
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Last edited by light on Sat Oct 29, 2011 10:54 pm; edited 1 time in total
I didnt quite get it. what is 72?light wrote:One of the ways to describe the performance of an investment is to check the time taken to double your money. This can easily be calculated by dividing 72 by your interest rate. ( very close estimate)
Eg. With 8% per annum,
72/8 = 9 years.
with 12% per annum,
72/12 = 6 years.
share any other easy methods to calculations regarding finance.
damayanthi wrote:I didnt quite get it. what is 72?light wrote:One of the ways to describe the performance of an investment is to check the time taken to double your money. This can easily be calculated by dividing 72 by your interest rate. ( very close estimate)
Eg. With 8% per annum,
72/8 = 9 years.
with 12% per annum,
72/12 = 6 years.
share any other easy methods to calculations regarding finance.
Nothing to get....Just divide 72 by ur expected interest per annum.damayanthi wrote:I didnt quite get it. what is 72?light wrote:One of the ways to describe the performance of an investment is to check the time taken to double your money. This can easily be calculated by dividing 72 by your interest rate. ( very close estimate)
Eg. With 8% per annum,
72/8 = 9 years.
with 12% per annum,
72/12 = 6 years.
share any other easy methods to calculations regarding finance.
rijayasooriya wrote:Nothing to get....Just divide 72 by ur expected interest per annum.damayanthi wrote:I didnt quite get it. what is 72?light wrote:One of the ways to describe the performance of an investment is to check the time taken to double your money. This can easily be calculated by dividing 72 by your interest rate. ( very close estimate)
Eg. With 8% per annum,
72/8 = 9 years.
with 12% per annum,
72/12 = 6 years.
share any other easy methods to calculations regarding finance.
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