Einstein's Rule of 72

The rule of 72 is a rule of thumb (credited to Albert Einstein) that investors use to approximate the time it takes for money to double at a given rate of return. It states that if you divide the number 72 by any given rate of return, the answer you get is the time it takes for money to double at that given interest rate (assuming you can get the same rate each year and it is compounded annually). For example, if you earn 10% on your money it would double in 7.2 years (72 divided by 10 = 7.2). The value 72 is a convenient choice of numerator, since it has many small divisors: 1, 2, 3, 4, 6, 8, 9, and 12. It provides a good approximation for annual compounding, and for compounding at typical rates (from 6% to 10%). The approximations are less accurate at higher interest rates

Help Bihar

By sending donation  to Bihar  Chief Minister Relief Fund
 

Bihar Chief Minister Relief Fund

Write a cheque to
A/C Name: “Chief Minister Relief Fund, Bihar”
A/C No: 10839124928
Bank: State Bank of India, Secretariat Branch, Patna.
Put your Phone number, name and address on the back of the cheque.Deposit the cheque to the nearest State Bank of India cheque drop box

Disaster relief State Control Room Number:: 91-612-2217305/2215027/6452572

Images of Bihar flood

 

  

  

  

  

Bihar Flood.

Bihar is facing one of the worst flood. 457 villages in 13 districts of north Bihar are currently flood-affected area in Bihar. The crop area of 75,000 hectares in these agricultural-based regions has been completely damaged.

 Bihar under Flood water as seen from Train(near Mokama) on 06-Aug-2007

Muzzafarpur, Supaul, Darbhanga, Madhubani,Sitamarhi, Kishanganj, East Champaran, West Chamaparan, Katihar, Bhagalpur,Samastipur , Madheura and Saharsa are the worst affected districts.

Can you imagine whether you are travelling in river or flooded region?

 

 Every thing drowned in water

 

Avoid wastage of paper

As the annual earning season comes to the end companies start sending their annual report to their share holders as a customary tradition and the majority of share holder even bother to read the report. For them it is just a piece of garbage. If we take an example of India's largest petrochemical giant who has largest share holder base in tune of millions and they receive the annual report from the company every year. We can imagine how much precious resource is being wasted just to follow the tradition.

The SEBI and companies should take initiative to start sending annual report to shareholders in the electronic format. At least they can give choice to the share holders to opt between the two method. It will save the substantial amount of resource and also helps us in saving the environment.