Formula 72 will tell where your money will double quickly, will have the advantage of knowing

Formula 72 will tell where your money will double quickly, will have the advantage of knowing

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Everyone wants to invest their money in that place, where there is a lot of benefit in the shortest possible time. There are many popular schemes of government bonds and mutual funds ranging from banks, post offices to today. You can find out the returns in different schemes, but it is difficult to know which scheme will increase your money twice in double digits. Many people deposit money in these schemes, but they do not know where their money will be doubled in the number of days.

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In this way, we are telling you a specific formula through which you can easily find out where your investment will be doubled in the shortest possible time. This formula is of Rule 72 of This will take you only 2 minutes to find out. In this case, you will be able to decide where to invest money. 

Address this formula 

This special rule of finance is rule of 72. Experts consider this to be the most accurate rule.

You can understand this as if you have chosen a particular scheme of the bank, where you get an interest of 8% per annum. 

In this case, you have to give a share of 8 in 72 under rule 72. 

-72 / 8 = 9 years, that means your money will double in 9 years under this scheme. 

The choice of -72 is convenient in many ways. It gives an accurate assessment of the duration according to the interest rate, and it also has the advantage of extending the duration at the rate of 6 to 10 per cent.

 Which time the money will be doubled in the scheme

 Bank  FD

 SBI pays 6.75% interest on a 1 to 10 year FD. 

-72 / 6.75 = 10.6 years 

- according to the rule 72, your investment will double in 10.6 years here.

Bank saving scheme

Many banks are giving an average 4% interest on the savings account. 

-72 / 4 = 18 years 

- according to the rule 72, there will be 18 years of money being doubled.

 Post office deposit 

-Return: 7.4% annually 

-72 / 7.9 = 9.7 years- 

according to the rule 72, your investment will double in 9.7 years here. 

 Government Brands

-Return: 7.8% annually 

-72 / 7.8 = 9.2 years- 

according to the rule 72, your investment here will double in 9.2 years. 

Mutual Funds 

Last year many mutual funds gave 8 to 12% annual returns 

In terms of return of 12% per year - 

72/12 = 6 years - according to the rule 72, your investment will double in 6 years here.

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