The power of compound interest
This illustrates that at a higher interest % rate per year, you would require fewer years to double your money. In Singapore particularly, there are unique products like the CPF which also helps to support each individuals endeavour to grow his or her money.
The beautiful rule of 72
You can see in the chart illustrated above, where the green numbers represent the number of years, and the red interest % represents the rate of return needed to double your initial capital.
It is compressed into this simple formula you can see here:
Simply divide 72 by a constant Rate of return, one will be able to derive the amount of time required for their investment money to double.
Rate Of Return Number Of Years For Investment Money To Double Examples 1% 72 Savings 2% 36 CPF OA/ Bonds