How Long Will It Take For Investment To Double

How Long Will It Take For Investment To Double. How long will it take an investment to double if it is invested at a 5% annual interest rate and compounded continuously? How long will it take an investment to double in value if the interest rate is 6%.

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In this case, your investment would double in approximately 36 quarters. (a) simple interest rate (b) compound interest rate contributed by hamed kashani, saeid sadri, and baabak ashuri, georgia institute of technology. How long will it take an investment to double in value if the interest rate is 6%.

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However, this “rule of thumb” is not 100% correct. (a) interest is 4.4% compounded monthly.

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So after that, you're going to replace a by. Substituting r = 5, we get 5 * t = 72.

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So you're going to use the equation a equals p e, but square root of our swears by our over tea. Number years to double money.

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(b) the equivalent annual interest rate is given as follows; In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2).

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At 8% growth, it would take 9 years to double your investment. Or, if your money is earning a 5 percent interest rate, you’ll double it in 14.4 years (72 divided by 5 equals 14.4).

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Number years to double money. (round your answer to three decimal places.) yr.

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However, this “rule of thumb” is not 100% correct. 98 rows simply divide 72 by the presumed growth rate to get a rough idea on how long it will take for your money to double.

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Substituting r = 5, we get 5 * t = 72. Found 3 solutions by mathlover1, maththerapy, ikleyn:

In This Case, Your Investment Would Double In Approximately 36 Quarters.

So after that, you're going to replace a by. When the investment doubles, we have; (a) interest is 4.6% compounded monthly.

So, I'm Really Drawing A Complete Blank On This, I Know P=E^rt, So P=E^0.05T, But That's Far As I Got.

Step 1 1 of 4. Solve for the unknown variable. As cnbc explains, you can use the rule of 72 to estimate how long it will take for your savings or investments to double, assuming a steady rate of return:

The Rule Of 72 Is Reasonably Accurate For Low Rates Of Return.

However, this “rule of thumb” is not 100% correct. How long will it take money to double itself if invested at 5% compounded annually? How long will it take an investment to double in value if the interest rate is 6%.

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In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). If you changed that number to, say, 3, then t would be the number of time periods it would take for your investment to triple. At 8% growth, it would take 9 years to double your investment.

The Continuous Compounding Interest Rate Formula, Is Given As Follows;

(round your answer to three decimal places.) yr (b) interest is 5% compounded continuously. That may be fine if you’re aged five, but it’s not much comfort for the rest of us. (round your answer to three decimal places.) yr.