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As a rough guide to double any amount compounded annually, divide 70 by the interest rate. In this case that is 14 years.
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∙ 14y ago
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How long will it take for 750 to DOUBLE at 8 percent compound?
Nine years at 8%
How long will it take to triple your money at 4.6 percent?
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
Using the Rule of 72 how long will it take for a deposit to double in size using an interest rate of 9 percent?
8 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.
How many years will it take for an investment to double if the interest rate is 8 percent per year compounded annually?
11 years
How long would it take for your annuity to double at a 6 percent investment gain?
12 years.
The national debt is 6 percent a year how long would it take for the debt to double?
12 years
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 1000 to double 5.5 percent?
About 13 years at 5.5%
How long does it take 1300.00 to double at a rate of 4 percent?
17 years
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.
How long would it take 600 to double at 5.04 percent?
To double takes, don't ask me why, 70/x years where x is the interest rate, so 14 years give or take a month or two.
How long will it take for 750 to DOUBLE at 8 percent compound?
Nine years at 8%
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 long does an investment earning 9 percent take to double in value?
8.0432 years (rounded) if compounded annually.
