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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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Earn +20 ptsQ: How long will it take to triple your money at 4.6 percent?
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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 .
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