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How many years does it take your money to double if it earns 1 percent per year?
Wiki User
∙ 12y ago
Approx 69.661 years if the interest is compounded. 100 years otherwise.
Wiki User
∙ 12y ago
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How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
How long will it take to double your money if it grows at 12 percent annually?
Six years at 12%
What time will be required for a sum of money to double itself at 5 percent simple interest?
20 YEARS
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
Is it true that it will take money in savings 14.2 years to double at 5 percent interest compounded annually?
Yes, that's an accurate number.
How many years does it take you money to double if it earns 1 percent per year?
jo mama
How many years will it take for money to double at the effective rate of 8 percent?
9.0065 years.
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
How long will it take for your money to double in the bank at 4 percent interest?
It will take 18 years.
How long will it take to double your money if it grows at 12 percent annually?
Six years at 12%
How long does it take for 2000 dollars to double up at 6 percent on your money?
Twelve years at 6%
What time will be required for a sum of money to double itself at 5 percent simple interest?
20 YEARS
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
How long will it take to double your money at 8 percent interest rate and continuous compounding?
Nine years at 8%
If a Bank account has a nominal annual rate of 7.23 percent compounded annually how many years will it take to double your money?
10 years
What time will be required for a sum of money to double itself at 5 percent simple interest full disclose?
It will take 20 years.
You deposit money today into an account at 6.5 percent interest how long to double your money?
About 11 years. (One quick way to find out how fast your money will double is through the Rule of 72. Divide 72 by the interest rate you're getting--in this instance, 6.5%. 72 divided by 6.5 = 11.07. So, it will take a little over 11 years for your money to double.)
