How much time does it take to double your Money_

How much time does it take to double your Money?

1 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

Chart€r€d Club

Blog About Privacy HR Services Contact Us

Home Indian Accounting Intl. Accounting Courses Money IFRS Income Tax Service Tax Business Laws CA Industrial Trainee ► Tax Saver FD

► Earning Money

► Money Savings

► Money Calculator

10 Tweet

6

Share

How much time does it take to double your Money? Earn 12.5% in FDs www.fundsindia.com/FixedDeposits Invest in Top Corporate FD & Get upto 12.5% Returns.Register Now!

20-Dec-13 4:18 PM

How much time does it take to double your Money?

2 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

We all work day and night for one thing – Money. We all ensure that we use this Money for the right purpose so that we can also save for future. But how many of us actually invest this saved money. We’ve all heard that money makes money, but my dear friend – Money does not grow by itself, you have to make it grow. And if you don’t make it grow, Inflation will eat away your Savings. So it’s always better to act now rather than curse later. In this article, we share with you simple formula which will tell you how much time you need to double up your money. Rule of 72 This is very simple rule. Simply divide 72 by the Annual Interest Rate and this is the time it will take you to double up your money. For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 9 years (72/8), to double up your money. Rule of 69 The above Rule is an approximation. To compute the exact time required to double up your money, divide 69 by the Annual Interest Rate and then add 0.35 to it. For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 8.95 years (69/8 + .35)

How much time to triple your Money In today’s time we aren’t satisfied just with doubling up the money. We want to triple the money. The following formula will help you compute the time needed to triple the money Rule of 114 Divide 114 by the Annual Interest Rate to compute the time required to triple your money. For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 14.25 years (114/8) to triple your money. And in case, you don’t believe in Investing and only end up Saving, Inflation is surely going to show its curses on you. Assuming 6% Inflation, the value of your money will be left to half very soon based on the following Rule Rule of 70 Divide 70 by the Inflation Rate to compute the time frame by which the value of your money would be reduced to half For e.g.:- If you have 10,000 and the Inflation Rate is 6%, the value of your money would be reduced to half in 70/6 = 11.66 years. Now, the choice is yours, either double up your money or reduces it to half. Similar Articles

► Money Rate ► Money Time ► Money 30 ► Money Show

20-Dec-13 4:18 PM

How much time does it take to double your Money?

3 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

How to compare your Mutual Fund performance with other Mutual Funds

National Savings Certificate (NSC): Interest Rate & Tax Benefits

Tax on Debt Funds/ Bonds/ Debentures: Computation with Examples

Prepayment and Refinancing as tools to reduce the increasing EMI’s Tags: Fixed Income earning Investments { 5 comments } Mayank Gupta Dear Readers, To give you some additional info, it takes 13.9 years to make your money 10 times in equities according to my Research. Thanks NAGENDRA RAO.V i think it will be more useful if u provide derivation for ur formulae Vinit @ Nagendra – Simple use of calculator by applying the formula for Interest always reveals the same figures. These are just shorcuts for your easy computations. RAKESH NARAIN SHARMA sir,What is meaning of Rule of 70, Rule of 72, Rule of 114what does it signify. Pls clarify Karan Batra

20-Dec-13 4:18 PM

How much time does it take to double your Money?

4 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

The meaning has been clearly explained. It means that you have to divide these figures by the Annual Interest Rates/ Inflation Rates Previous post: How much money should you Save for your Retirement Next post: All about Dhirubhai Ambani

► Bank NRE FD Interest Rate ► How to Make to Make Money ► Money Calculator

Subscribe to Chartered Club for FREE Email Updates

898

Find us on Google+ Like 308k Like us on Facebook Follow @charteredclub

3,605 followers

Popular Posts PPF Account and current PPF Interest Rate PPF Account in SBI : How to open and Transact Online All about Dhirubhai Ambani

20-Dec-13 4:18 PM

How much time does it take to double your Money?

5 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

PPF Account in ICICI Bank – Apply Online What is FCNR Account? Fixed Deposits for NRI’s in India How to open a DEMAT ACCOUNT & Demat Account Charges? Funds Flow Statement: Meaning & How to Prepare What is a Demand Draft & Bank Charges for Creating a DD? Warren Buffet’s Investing Style: Invest like a Girl Cash Flow Statement – Direct & Indirect Method Prepayment Penalty on Home Loans in India – Abolished Maximum Limit of sending money from India to US & Other Countries Demat Account – Benefits and Process of Dematerialisation Tax Saving Fixed Deposit: Should you be investing in them? What is Gold ETF?

Recent Posts Section 40A(3): Disallowance of Expenses made in Cash & Exceptions Section 40A(2): Disallowance of certain payments to Relatives Income Tax on Gifts: Computation & 7 Exemptions Section 40b: Interest & Salary paid to Partners by Partnership Firm Income Tax on Partnership Firms & LLP’s in India

20-Dec-13 4:18 PM

How much time does it take to double your Money?

6 of 6

http://www.charteredclub.com/how-much-time-does-it-take-to-double-...

WordPress Admin

Copyright 2013 - Chartered Club-All Rights Reserved. || Sitemap || Archives

20-Dec-13 4:18 PM