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If it is compounded annually, then: F = P*(1 + i)^t {F is final value, P is present value, and i is interest rate, t is time}.
So if it triples, F/P = 3, and 12 years: t = 12, so we have 3 = (1 + i)^12, solve for i using logarithms (any base log will do, but I'll use base 10):
- log(3) = log((1+i)^12) = 12*log(1+i)
- (log(3))/12 = log(1+i).
- Now take 10 raised to both sides: 10^((log(3))/12) = 10^log(1+i) = 1 + i
- i = 10^((log(3))/12) - 1 = 0.095873
So a rate of 9.5873 % (compounded annually) will triple the investment in 12 years.
What else can I help you with?
What rate of interest compounded annually is required to triple an investment in 3 years?
Approx 44.225 % The exact value is 100*[3^(1/3) - 1] %
What rate of interest compounded annually is required to triple an investment in 10 years?
(1+x)10 = 310 log(1+x) = log(3)log(1+x) = 0.1 log(3)(1+x) = 10[0.1 log(3)] = 1.116123x = .116123 = 11.61 percent
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
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 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.
What rate of interest compounded annually is required to triple an investment in 3 years?
Approx 44.225 % The exact value is 100*[3^(1/3) - 1] %
How many years will it take an investment to triple at 8 percent interest compounded monthly?
At 8% per month, compounded, it will take just 1.2 years. However, with monthly interest such that its annual compounded equivalent is 8% (roughly 0.64% each month), it will take 14.27 years.
How long does it take for an investment to triple in value at the interest rate of 12 percent compoundded monthly?
9.2 yrs
What rate of interest compounded annually is required to triple an investment in 30 years?
3.73% would do it almost exactly: Where p is the original investment and i is the rate of interest: 3p = p((1 + i/100) to the power of 30) dividing by p gives ((1 + i/100) to the power 30) = 3 using logarithms (log 3)/30 = 1 + i/100 antilog (0.47712/30) = 1 + i/100 antilog 0.0159 = 1 + i/100 1.037299 = 1 + i/100 0.037299 = i/100 i = 3.7299 Later: I tested this on Excel with capital of 5000 and interest rate of 3.73% and after 30 years investment was worth 15000.35!
What rate of interest compounded annually is required to triple an investment in 10 years?
(1+x)10 = 310 log(1+x) = log(3)log(1+x) = 0.1 log(3)(1+x) = 10[0.1 log(3)] = 1.116123x = .116123 = 11.61 percent
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
what an investment company offers an investment fund that grows at 20% per year. How many years will it take for an investment to triple in value, what would be the answer rounded to the nearest hundredth?
20.00
What stockholders have an interest in triple bottom line reporting?
stockholders with an interest in socially responsible investing
What rate of interest compounded continuously is required to triple an investment in 8 years?
Solve the following equation: (1 + x/100)8 = 3. That is, your money increases by a certain factor each year; the factor is the capital plus the percentage rate (divided by 100), and if you multiply the factor by itself 8 times, you get a factor of 3. To start solving this, take the 8th. root left and right.
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.
Can a Bank Credit Card Collect Triple on the amount owed?
yes depending on the interest rate and amount of monthly payment
How long does it take to triple an investment?
It depends on the type of investment you are making. I typically invest in tax sales, I generally can triple my money with tax deeds in about 4 weeks, but it all depends on how much money you have as well. For example, if you have $300 I know of a county in Kansas that can make you $3,000, or 10x your investment, but I know of other investments that can make you from 5%-25% return on your money. If tax sales interests you, there is a website out there that I think can help, http://alltaxsales.com let me know if this helps. Thanks, The Pug
