Compound Interest
Compound Interest is basically a way to invest your money in the bank in order for the money that you placed to increase over a long period of time. Compound interest starts out with a first deposit, and then takes a percentage of that, and adds it. The next time the percentage rolls around, the bank takes the percentage of the total of the previous percentage that it added. So basically you're money is slowly increasing.
The Rule of 72
In investing, is a way of calculating an investments doubling time, or halving time. They are more commonly used for compound interest rather than simple interest. Since simple interest doesn't add too much to your account.
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