Planning your investment: Step 3 - Know the concepts of investing: Maximising Returns
As an investor, you will always try to get the highest return on your investments.
The time needed for your money to double can be calculated using the Rule of 72.
Divide 72 by the rate of interest you earn on your savings.
If the return calculated is unsatisfactory, you may consider other options that pay a higher rate of return.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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