Padam Finance & Management Consultancy Agency

30/06/2024

Mudra loans in Indore city

WhatsApp 9981520659

25/09/2021

25/10/2020

Whatsapp 8669120804

14/06/2020

Best offer. Payout sharing also

29/02/2020

Best offer from Nationalize bank

02/02/2020

For further details
WhatsApp 8669120804

19/07/2019

Contact us at [email protected] or [email protected]

20/04/2018

Unsecured Finance Available for Education Institutes , coaching classes universities, colleges ,school etc

17/07/2016

RULE of 72:Simple, handy and useful::

In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Ex: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus 8 years will take to double your money if you invest at 9% of rate of interest.

INTEREST: we can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.
Ex: you have 2.5 lakh today and you need 5lakh in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of avenue, where you earn at least 14.41% as rate of interest, to double your amount in 5 years.

INFLATION:
This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 1 lakh in your kitty today, it would take around 13.09 years for the value of the money to be halved..

Hope it helps you in your day to day investments.

16/07/2016

https://youtu.be/gL88SJLEaHY

Any type of loan you require will be arranged by Padam Finance.