5 Ways to Use the Rule of 72 - wikiHow (2024)

Co-authored by:

See Also

How 8-4-3 compounding rule can accelerate your investment worth thousands into crores; know mathsThe Rule of 72: How to Grow Your Wealth Quickly (2024)How do I calculate how long it takes an investment to double (AKA 'The Rule of 72') in Excel?Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round the answer to 2 decimal places.) | Homework.Study.com

Paridhi Jain

Certified Public Accountant

This article was co-authored by Paridhi Jain. Paridhi Jain is a Certified Public Accountant and the Co-Founder of Seva Ltd, a CPA firm operating in Maryland and Alabama. She has over 10 years of professional experience in the financial sector and has built a reputation for assisting small business owners navigate the intricacies of regulatory compliance, encompassing areas from company structuring and entity formation to detailed nexus determinations for income and sales tax. She is an active member of the Alabama Society of CPAs and has a certification in pre-professional accounting. She graduated Magna Cum Laude from the University of Maryland, Baltimore County with a major in Information Systems. This article has been viewed 375,234 times.