Investment Tips: In how much time will your money double, triple or quadruple? Know the rule of 72, 114 and 144..

There are many investment options in the market in which you can invest. Every investor dreams of doubling his money. If you know in advance how much time your invested money will double, then you can choose the right investment scheme. You can know this from the rules of 72, 114, and 144.

Rule of 72

The rule of 72 tells when your money will double. To calculate this, divide the interest you get by 72, and whatever result comes, that will be the time to double your money. For example, you have invested Rs 5 lakh in an investment option, which is giving a 9 percent annual return. Now, dividing 72 by 9, the result will be 8. This 8 is the number in which your money will double. In this case, it will take 8 years for your Rs 5 lakh to become Rs 10 lakh.

Rule of 114

The rule of 114 tells when your money will triple. Suppose an investment option is giving you a 10 percent annual return, then it will take 114/10 = 11.4 years for your money to triple. For example, you have invested Rs 5 lakh in an investment option that is giving a 10 percent annual return. Now dividing 114 by 10 gives 11.4. This 11.4 is the number of years it will take for your money to triple. In this case, it will take 11.4 years for your Rs 5 lakh to become Rs 15 lakh.

Rule of 144
The Rule of 114 tells when your money will quadruple. For example, you have invested Rs 5 lakh in an investment option that is giving a 12 percent annual return. Now dividing 144 by 12 gives 12. This 12 is the number of years it will take for your money to quadruple. In this case, it will take 12 years for your Rs 5 lakh to become Rs 20 lakh.