According to the provided text, what is a key benefit of using the Rule of 72 for investors? Option: "It guarantees a specific profit margin on investments", "It allows for quick and simple estimations of investment growth", "It eliminates the need for professional financial advice", "It helps investors understand complex financial instruments"

According to the provided text, what is a key benefit of using the Rule of 72 for investors?

What is the primary purpose of the Rule of 72 in finance?

Which of the following is a limitation of the Rule of 72?

How is the Rule of 72 typically calculated?

At what interest rate percentage is the Rule of 72 considered most accurate?

How does the concept of compounding benefit investors using SIPs?