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What interest rate would be necessary to double a 100 investment in 11 years?
RebeccaAltieri
Suppose the interest rate is r%
then 2 = (1+r/100)11
so that ln(2) = 11*ln(1+r/100)
Then ln(1+r/100) = ln(2) /11
so 1 +r/100 = exp[ln(2)/11]
so r/100 = exp[ln(2)/11] - 1
r = 100*{exp[ln(2)/11] - 1} = 6.504 % approx.
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∙ 11y ago
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What approximate interest rate would an investor need to earn in order to double the value of an investment you six years?
The sixth root of 2 (which can be calculated as 2 to the power (1/6)) is 1.1225. If you subtract one, you get 0.1225, so 12.25%.
How much interest would have an investment of 7500 at 7 percent pa for 2 years earn?
75 x 7 x 2 = 1050
What interest rate would double your money in 5 years?
14.87% per annum, compounded for 5 years would give back very slightly more than double (2.000014).
Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
How much would 200 invested at 6 interest compounded annually be worth after 6 years?
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70
Do investments double every 10 years?
Sometimes. It depends on the interest rate. The rule of 72 will tell you when your investment will double.Example(usage): you invest x dollars at 9% interest per year. 72/9 = 8It will take 8 years for your investment to reach 2x at 9% annual interest.The interest needed to double an investment in 10 years is:72/x=107.2% interestSo if your investment had an annual interest rate of 7.2% it would double in 10 years.
What approximate interest rate would an investor need to earn in order to double the value of an investment in six years?
Simple interest: 100/6 ie 16.67%
Why should a consumer know and understand the rule of 72?
Rule of seventy two is used to ascertain the period by which an investment would grow by 100%. 72 divided by rate of interest would provide the approximate period by which the investment would become double. As an example, if the rate of interest is 6% per month, the investment would be doubled in ( 72/6) 12 months. Rule of 72 thus is an important tool to know the investment horizon.
How much interest would you earn of a 30000 investment?
Depends on how you invested it and what rate of return that investment delivered.
How much interest would you make if you had 250000?
This would depend on how much interest you are making on your investment. The questions is incomplete because there are so many variables that would change the answer.
How much money in interest would a hundred dollars build in a year?
It depends on the interest rate. If it was a 10% rate, it would generate $10.00
How do you convert simple interest to compound interest?
There is a quick and dirty way to convert simple interest to compound interest. First you need to know how long it will take to double your initial number. For Example: Let's say that you find an investment that pays 10% simple interest. That means it takes 10 years to double your investment. We then use the rule of 72 to determine the rate of compound return will give an equivalent time. The rule of 72 says that you divide either the rate of return or the time period into 72 to come up with the other. So, in this example we want to know what interest rate would double our money in 10 years. divide 72 by 10 = 7.2 This means that 7.2% compound interest is equal to 10% simple interest.
Wher is the best place to stash $50000 as a Long Term Investment ?
I would recommend a 401k or a short term investment fund. This is a great investment that is short term and you can gain double on your investment.
How much interest would you make with 5 Million US dollars in the bank?
Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
If the interest is 10 per annum for 3 three years how do you do the math for the total?
Assuming simple interest, the formula is Interest = Principal x Time x Rate/100, in this case the interest would be 30% of the original investment. If the interest is compounded yearly the the formula is Principal x (1 + Rate/100)^Time so that the new total would be (1 + 0.1)^3 ie 1.331 times the original investment, a total of 33.1% interest.
How much interest per month is an investment of 150000 at 4 percent?
That would really depend on the investment strategy, are you getting 4% per month, per year or per week (yes they are all possible)? 4% of $150,000 is $6,000. If your interest rate is annual then monthly return would be $500. If your interest rate is monthly then it would be $6,000 and of coarse weekly interest rate of 4% would give you $24,000 monthly. It all comes down to interest rate over what period of time then factored by the month. 6000$
How long would it take for your annuity to double at a 6 percent investment gain?
12 years.
