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There is what's called the "rule of 72" which states, you divide the percent into 72 and that tells you how log it takes to double your money. For example, 4.6 goes into 72 15.65 times. So, it would take 15.65 years to double your money. That's not too good of an investment.
72 ÷ 4.6 = 15.65
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How long will it take for an amount of money invested at an annual rate of 5.75 percent compounded continuously to triple in value?
y = ln(3)/ln(1.0575) = 19.65 years, approx.
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
How much money is 20 percent of 32.00?
6.40 because if you can find 25 percent and 5 percent you can take 5 percent from 25 percent for 20 percent.
How long will it take for 750 to DOUBLE at 8 percent compound?
Nine years at 8%
How long does it take to travel from Paris to Brisbane by train?
It depends how much money you have .
How long does it take a present value amount to triple if the expected return is 9 percent?
It will take 12.75 periods.
How long will it take for an amount of money invested at an annual rate of 5.75 percent compounded continuously to triple in value?
y = ln(3)/ln(1.0575) = 19.65 years, approx.
How long does it take for an investment to triple in value at the interest rate of 12 percent compoundded monthly?
9.2 yrs
How long will it take for your money to double in the bank at 4 percent interest?
It will take 18 years.
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 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%
How long will it take to double your money at 8 percent interest rate and continuous compounding?
Nine years at 8%
How do you multiply money by 25 percent?
Take the amount of money and multiply that number by 1.25
How long does it take to double your money at 20 percent?
Look up the "Rule of 72" via Google or any other good search engine
How long does it take for the triple hops brewing in miller lite?
About twice as long as single hop brewing.
How much money is 20 percent of 32.00?
6.40 because if you can find 25 percent and 5 percent you can take 5 percent from 25 percent for 20 percent.
