🔗1st way raising capital was because of his support from his Brother who introduced to his clients. He raised 15lkhs & COMPOUNDED it to 50lkhs in few years.
Jun 16, 2021 • 11 tweets • 3 min read
*Rule of 72*
No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs
At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs