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How many years will it take to double an amount at 3 percent interest?
Wiki User
∙ 12y ago
33 years
Wiki User
∙ 12y ago
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What is the interest on 250.00 at 4 percent for three years?
U get a amount of 30.
What is 7 percent interest over 4 years for 1 million dollars?
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
What is the compound amount of 8 percent for 23 years?
Interest alone would be 4.871463646 times the amount of the principle.
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 rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
In how many years your amount will be double if rate of interest is 10 percent annually in compound interest?
Approximately 7 years. The general rule is to divide 70 by the interest rate to get an approximation of how long it will take to double. If the interest is compounded annual you will have $194.88 after 7 years, and $214.37 after 8 years. Though if interest is compounded more regularly (ie. monthly or daily) this will grow at a slightly faster rate.
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.
How many years will it take 100 to double check if you are simple interest rate is 4?
It will take 25 years for a 100 to double check if you have a simple interest of 4 percent.
What is the interest on 250.00 at 4 percent for three years?
U get a amount of 30.
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
What is 7 percent interest over 4 years for 1 million dollars?
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
What is 6 years at 30 percent?
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
What is the compound amount of 8 percent for 23 years?
Interest alone would be 4.871463646 times the amount of the principle.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
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.
