Compound Interest is when they calculate how much you'll make off your money in one year, then two, etc. but it depends on the interest rate you have on your money. How ever how much you have on your interest the amount of money may not grow as fast as you think or wish. It may take a lot of time for it to grow. The rule of 72 helps you to figure out on your own how much you'll make on your money for leaving it in the bank. It'll let you know how long it'll take for you to double your money or even just to make a little bit off of it. The picture to your left is the basic formula of the rule of 72!
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