29/09/2021
A mini test to find out the duration you need to double up your investment!
All you need to do is to take 72 divide by % rate of return (FD or any investment Rate) equals to the time (years) you need to double up your investment.
Formula: 72 ➗% ROR = Years to double
Example: 72 ➗2.3% = 31 years
Now you have it, it is easy to find out how long you need to double up your investment. Also, a step clearer to a better personal financial plan.
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