How does the Rule of 72 Calculator work?
Free Rule of 72 Calculator - Calculates how long it would take money to double (doubling time) using the rule of 72 interest approximation as well as showing the mathematical proof of the Rule of 72.
This calculator has 1 input.
This calculator has 1 input.
What 3 formulas are used for the Rule of 72 Calculator?
What 6 concepts are covered in the Rule of 72 Calculator?
- approximation
- anything that is intentionally similar but not exactly equal to something else.
- compound interest
- the interest you earn on principal and interest
A = (1 + r/n)nt - interest rate
- the proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositor
- logarithm
- the exponent or power to which a base must be raised to yield a given number
- rule of 72
- a simplified formula that calculates how long it will take for an investment to double in value, based on its rate of return.
t ~ 72/i - yield
- How much an investment returns in terms of interest rate
Example calculations for the Rule of 72 Calculator
- Rule of 72 at 2%
- Rule of 72 at 3%
- Rule of 72 at 4%
- Rule of 72 at 5%
- Rule of 72 at 6%
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- Rule of 72 at 18%
- Rule of 72 at 19%
- Rule of 72 at 20%
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- Rule of 72 at 24%
- Rule of 72 at 25%
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- Rule of 72 at 27%
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- Rule of 72 at 29%
- Rule of 72 at 30%
Rule of 72 Calculator Video
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