04/05/2023
This is very interesting! Its called the rule of 72. If your bank gives you 1% as interest in your savings ,It will take 69.5 years to double your money . So just so you know The bank also will get interest investing that same money.(your money) If they get 11.% interest. It will double in just 6.5 years. Now they have double your initial money .how much will they have in the next 6.5 years? How much will they accumulate in the 72 years that you have to wait? Do the math and tell me .PS your going to be shocked! Lets say your savings is 10.000. Have fun.
