The "72 rule " is a easy technique to quickly estimate how much time it will take for an sum to increase at a certain yearly rate . Conversely, it can also help you know how much time it will take to pay off a debt at a constant finance rate . Just break 72 by the lending percentage to obtain your figure. For example,

The "72 formula" is a simple means to quickly estimate how many years it will take for an investment to grow at a certain annual rate . Conversely, it can also help you discover how long it will take to eliminate a loan at a constant lending percentage . Just divide 72 by the lending rate to get your answer . For example,

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