What Is the Rule of 70? Definition, Example, and Calculation
What Is the Rule of 70? Definition, Example, and Calculation
The Rule of 70 is a calculation that determines how many years it takes for an investment to double in value based on a constant rate of return.
investopedia.com70 viewsJan 28, 2010
Rule of 70 Explained
Empirical Rule: Definition, Formula, Example, How It's Used
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The “Rule of 70” is a simplified formula to calculate how long it'll take for your investment to double, based on its rate of return. This rule is reasonably accurate for interest rates that fall in the range of 4% and 12%. The “Rule of 70” is “a practical eye opener that forces you to ask important questions before making critical money decisions You must’ve heard of the “Rule of 72”, this Rule of 70 is a more accurate version of that rule #financetips #personalfinance | Insane Deepak
0:37
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