Rule of "72 " If you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money 72: is sort of a magic number of personal finance, a.k.a known as the rule of 72 in personal finance parlance. All you need to do is a quick calculation (mentally if you know fifth grade math tables) and you can verify, if the cheeky agent is giving you hogwash. *Years:* If you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the > money. For instance, if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is eight. This is the number of years it will take to double your money if you invest it at 9% rate of interest. *Interest:**...
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