Rule of 72
For reasonable rates of return, the time it takes to double your money is given approx by 72/r%
(fairly accurate for discount rates in the 5-20% range)
ex: potential investment to double your money every ten years, what is the rate of return? 72/10=7.2%
want to purpose an asset costing 50K, currently have 25K, 12%, how long will it take? 72/12= 6yrs at 12%