Connection lost
Server error
The young man knows the rules, but the old man knows the exceptions.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - rule of 72
If we desire respect for the law, we must first make the law respectable.
✨ Enjoy an ad-free experience with LSD+
Definition of rule of 72
The rule of 72 is a simple method used to determine how long it will take for an investment to double in value at a compound interest rate. It is calculated by dividing 72 by the interest rate.
If you invest $10,000 at a compound interest rate of 6%, it will take approximately 12 years for your investment to double in value. This is calculated by dividing 72 by 6.
Another example is if you invest $5,000 at a compound interest rate of 8%, it will take approximately 9 years for your investment to double in value. This is calculated by dividing 72 by 8.
The rule of 72 is a useful tool for investors to estimate how long it will take for their investments to grow. It is important to note that this is just an estimate and actual results may vary.
A good lawyer knows the law; a great lawyer knows the judge.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
The rule of 72 is a simple way to figure out how long it will take for your money to double if you invest it at a compound interest rate. All you have to do is divide 72 by the interest rate, and the answer will tell you how many years it will take for your investment to double. For example, if the interest rate is 6%, it will take 12 years for your investment to double (72 divided by 6).
Make crime pay. Become a lawyer.
✨ Enjoy an ad-free experience with LSD+