Your Money Working For You

This example shows how compound interest can work in your favor by doubling your money after a certain number of years depending on the interest rate you are earning on your principal.

We can use the Rule of 72 to calculate the amount of time required.

72 / 3% = 24 Years To Double

72 / 6% = 12 Years To Double

72 / 12% = 6 Years To Double

All figures are for illustrative purposes only.

*This is a hypothetical scenario used for illustrative purposes and does not reflect the results of any specific investment. The actual time it will take an investment to double in value cannot be predicted with absolute certainty because performance of investments fluctuate over time.