The principle of 72. For example if you invest 100,000.00 and - TopicsExpress

The principle of 72. For example if you invest 100,000.00 and your interest rate is 12% then after 6 years you would have 200,0000 and after 12 years you would have 400,000.00. 72/12 = 6 years to double If you have 100,000 and your interest rate is 6% then after 12 years you would have 200,000. 72%6 = 12 years to double SO no you see when banks pay 1% it would take 72 years to make it to 200,000. Bank rates so low screw people who save money thru savings accounts. 72/1 = 72

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