Rule of 72, 114, 144: Every month salary comes but gets spent. Has this cycle of spending spoiled the financial condition? But, add 'save' between earning and spending. This means that the cycle of earning-saving-spending should be run from the salary. By doing this, savings made from a small amount will also bear the expenses of big desires. This series of savings can create a big wealth for you. How? Let us explain those 3 numbers of savings and investments that will help in doubling the money. These three numbers are enough to make you rich.

First rule to make money
Rule of 72 Investment - This question comes to everyone's mind when will his money double? In such a situation, this is the rule which will tell how much you will earn. Suppose you have only 20,000 rupees. Invest this money and spend the returns. But when will the money double (How to double investment)? For this, there is Rule 72. Divide the interest given by the investment scheme by 72 and the answer will be in front of you.

Understand how your money will double?

For example, if 72 is divided by 8, the answer is 9 years. That means if you get 8 percent interest on your investment, then your amount will double in 9 years. By looking at the table given below, you can also understand how by looking at the interest, you will be able to decide in how many years the money will double.

Rule of 72 - In how many years the money will double

For example, if 72 is divided by 8, the answer is 9 years. That means if you get 8 percent interest on your investment, then your amount will double in 9 years. By looking at the table given below, you can also understand how by looking at the interest, you will be able to decide in how many years the money will double. At 1% interest – Double in 72 years At 2% interest – In 36 years At 3% interest – In 24 years At 4% interest – In 18 years At 5% interest – In 14.4 years At 6% interest – In 12 years At 7% interest – In 10.2 years At 8% interest – In 9 years At 9% interest – In 8 years At 10% interest – In 7.2 years At 11% interest – In 6.5 years At 12% interest – In 6 years

Rule of 114 – When will the money triple?
If you want to triple the money, Rule 114 will help you. The formula is the same as Rule of 72 but the numbers will change and you will be able to calculate based on interest when the money will triple. Suppose you are investing at the rate of 8 percent, then divide 114 by 8 and the answer will be 14.2, which means your money will triple in 14 years and two months.

Rule of 144 - When will the money quadruple?

Go one step further - Rule of 144. This will tell you in how many years your money will quadruple. If you invest Rs 10,000 at 12 percent interest, it will take 12 years to become Rs 40,000. In this also you have to divide 144 by the interest rate and you will know in how many years your money will give four times return.

Faster growth in high-interest
As your return rate increases, the time taken for your money to double/triple/quadruple decreases. This is the reason why it is important to invest for the long term and choose the right scheme.

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