Hi, Can u plz make me understand the meaning of this sentence, in a much better way... "If you do not take the interest every year and reinvest it instead, you will end up doubling your money at the end of nine years. "
Hello. You have mentioned 8% interest rate. But which investment are you talking about? I think it is not PPF because PPF takes 15 years to mature, whereas you have given example that uses just 3 years. Please clarify.
here yu have spoken about Rule 72. I would like to know the theory behind the Rule 72. What does 72 stand for and what is its place in determining the no.of years to double the money.
