The Rule of 72 suggests that an amount will double in 12 years at a 6 percent
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The "Rule of 72" suggests that an amount will double in 12 years at a 6 percent compound annual rate or double in 6 years at a 12 percent annual rate. Is this a useful rule, and is it an accurate one? Proof that if you have Rs.5000 now and you want to have double amount.
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