Excel Calculator – Rule of 72 Formula for calculating Periods by Rule of 72 In order to obtain a period within which the money will get double with the help of the rule of 72, the number 72 needs to be divided by the rate of interest. A mathematical representation of the formula is a...
On that note, using Excel (or a financial calculator) is recommended for a more precise figure, especially in higher stake circumstances. The Rule of 72 is well-known in finance and is perceived by most as a general rule of thumb to estimate the number of years that it would take an in...
rule of 72 is a useful and easy rule of thumb, it doesn't yield the most accurate results. if you need a more precise estimate, consider using an online calculator or compound growth formulas in excel. the rule of 72 formula a key benefit of the rule of 72 is its simplicity. the ...
For calculation of compound interest using Rule of 72, you can use theRule of 72 Calculator. For example, suppose the current rate of interest offered by a bank on its savings deposits is five %p.a. If we have to determine the time it will take for the principal amount to double, we ...
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