New Delhi: Analyst Sujay U claims that one simple formula can predict your financial destiny in just 10 seconds. Sujay said that the rule of 72 is the simplest wealth formula in the world which indicates the precise time it takes for your money to double.
Sujay took to LinkedIn to describe the rule of 72 that explains how long it takes for money to double. He said that according to the rule divide 72 by your annual return to check the years it takes to double your money.
Sujay used actual data to show how quickly your wealth increases.
At a 2 percent return money takes 36 years to double
At a 4 percent return money takes 18 years to double
At an 8 percent return money takes 9 years to double
At a 10 percent return money takes 7.2 years to double
At a 12 percent return money takes 6

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