Rule of 113 - An arithmetic equation used to calculate how many years it would take for an investment to triple in value, given knowledge of its annual rate of return and reinvestment (compounding) of income.The rule says that if you divide the compound growth rate of any investment into 113, you get the approximate number of years it takes to triple your money. So, an investment earning a return of 9% will triple in about twelve and a half years (113 ÷ 9 = 12.6)
Rule of 113 : an arithmetic equation used to calculate how many years it would take for an investment to triple in value, given knowledge of its annual rate of return and reinvestment (compounding) of income.the rule says that if you divide the compound growth rate of any investment into 113, you get the approximate number of years it takes to triple your money. so, an investment earning a return of 9% will triple in about twelve and a half years (113 ÷ 9 = 12.6)
Rule of 113