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How long does it take 1300.00 to double at a rate of 4 percent?
Wiki User
∙ 12y ago
17 years
Wiki User
∙ 12y ago
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How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
What is 6.7 percent as a rate?
6.7 percent as a rate = 6.7%
What is rule 72?
How long it will take for your money to double/divide the annual interest rate into 72.
What is the length of time required before a 1000000 deposit will double if the interest rate is 10 percent?
There's a rule of thumb for "double your money" problems: Time = 70/interest rate, so in this case approx 7 years.
Is 01 wrote out in percent as 01 percent?
No, 0.01 is not written as 0.01% in percent rate. 0.01 in percent rate is 1%.
If a population has a growth rate of 2.5 percent how long will it take to double?
27.6 yearst = 0.69 / r where r is the growth rate
How long will it take to double your money at 8 percent interest rate and continuous compounding?
Nine years at 8%
Given a growth rate of 3 percent per year how long will it take for a population of 100000 individuals to double?
20 years
Using the Rule of 72 how long will it take for a deposit to double in size using an interest rate of 9 percent?
8 years.
How long would it take 100 to double 5 percent?
As a rough guide to double any amount compounded annually, divide 70 by the interest rate. In this case that is 14 years.
Using the rule of 72 how long will take for a deposit to double size using an interest rate of 9 percent?
72/9 ie 8 years
How long would it take 600 to double at 5.04 percent?
To double takes, don't ask me why, 70/x years where x is the interest rate, so 14 years give or take a month or two.
How many years will it take for money to double at the effective rate of 8 percent?
9.0065 years.
What is Arizona usury rate?
The usury rate in Arizona is 10.0 percent as long as that rate was agreed to in writing. This does not apply to corporations since they do not have a special rate.
What interest rate do you need to double 500?
Any positive rate of interest - as long as you leave the money invested for long enough.
How long has the social security withholding rate been 6.2 percent?
1990
How long will money in savings take to double at 5 percent interest compounded annually?
Use the "rule of 72"...simply put, using compound interest you take the number 72 and divide it by the interest rate. Thus, at 5% the time to double is 14.4 years. This formula can be used for calculating a "double" for any interest rate using the same mathematical procedure.
