Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

rule of 72

Read a random definition: standard descriptive characteristics

A quick definition of rule of 72:

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).

A more thorough explanation:

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.

rule of right | rule of 78

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Denny
17:11
dead
17:13
he's locked in my basement
17:13
no cap
17:17
@llama: Get the spicy mchicken meal deal, get the free upgrade to a large soda and get a free deal fry or redeem an item. Crazy value for $5
llama
17:22
@syddak: Thanks G! Will do.
17:25
Must consoom!
17:28
don't forget the free large drink upgrade 😎
Denny
17:41
One mcchicken is not enough i need at least 4 of em
17:42
rutgers said no omgggg i'm so mad
17:45
it's ok they got a lot of apps
18:05
@Denny: U missed it yesterday. I think Im the chat champ for McChicken downing: 10+10mcdoubles.
18:05
@nattyalley: Oh naur. :C Well sum will come ur way!
FriendlyLuckySchooner
18:05
Anyone else still waiting on Berkeley
18:07
YM is waiting on Berk
[] ararara
18:10
Come on people keep those vibes climbing up!!
18:10
yay go rejections and wls
[] ararara
18:11
Don’t take anything personally! Life is challenging!
18:11
sorry im just discouraged lol
[] ararara
18:12
Don’t ever apologize you’re crazy
18:12
._.
18:37
@Besmirchin: jeez man, what a tough cycle
18:37
@FriendlyLuckySchooner: I heard from berkeley on Monday after applying at the deadline. Not sure if that is helpful
19:39
@Besmirchin: It'll be aight chap, keep ur chin up!
MrThickRopes
20:12
waves tmrw?
who up at mich asd
Mr ropes go public I wanna see your schools
MrThickRopes
20:17
You wit da fuzz?
20:17
it public
DeterminedSlimyAlligator
20:35
How to get scholarships as an international student of law
21:49
waves tmrw?
LSD+ is ad-free, with DMs, discounts, case briefs & more.