Rule of 72
A rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double.
Investopedia Commentary
For example, if you want to know how long it will take to double your money at 12 percent interest, divide 12 into 72 and you get six years.
Related Links
Understanding The Time Value Of Money
How To Become A Millionaire
See also: Compounding, Return
Also spelled: rule of seventy-two
rule of 72