Investment Doubling Rule: Nowadays everyone invests in some scheme or FD. Compared to earlier, investors’ interest is moving more towards investment than saving. There is always a doubt as to how long it is right to invest in any scheme. Or after how much period can we get double returns. Let us also see the calculations related to this.
At present, many secure and unsecured platforms are available for investment. Investors can choose any platform according to their needs. It depends on your need and choice.
By investing in any scheme, in how much time your money doubles or in how much time you get the benefit of double returns. This can be easily calculated. The rule of 72 is available for this. Not much calculation is required to use this rule.
What is the rule of 72?
Today, there are many rules related to investment available. So that investments can be made in the right way and with the best returns. Different rules are available according to your needs. The 72 rule is especially used when you want to know after how much time the amount invested in FD or scheme will double.
How does this rule work?
72 / Return received = Total time
If you want to know when the amount invested in FD or any safe scheme will double, then first of all you have to divide the return received in the scheme or FD by 72.
Understand with example
Suppose an investor named Santosh invests 50 thousand rupees in a scheme in the year 2021. The return received at that time is 8 percent. Santosh wants to know when her money will double.
For this Santosh uses the rule of 72. Its calculation is something like this, 72/8 = 9. Which means that Santosh’s money will double after 9 years.
You can apply these rules to any post office scheme or fixed deposit. Along with this, these rules also help you in selecting the best scheme.
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