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It will take 20 years.

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10y ago
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Q: What time will be required for a sum of money to double itself at 5 percent simple interest full disclose?
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What time will be required for a sum of money to double itself at 5 percent simple interest?

20 YEARS


What is the length of time required before a 1000000 deposit will double if the interest rate is 10 percent?

There's a rule of thumb for "double your money" problems: Time = 70/interest rate, so in this case approx 7 years.


What interest rate is required for an investment with continuously compounded interest to double in 8 years?

It is approx 8.66%


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.


How many years will it take to double an amount at 3 percent interest?

33 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.


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 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 will it take to double your money at 8 percent interest rate and continuous compounding?

Nine years at 8%


How long will money in savings take to double at 5 percent interest compounded annually?

Use the "rule of 72"...simply put, using compound interest you take the number 72 and divide it by the interest rate. Thus, at 5% the time to double is 14.4 years. This formula can be used for calculating a "double" for any interest rate using the same mathematical procedure.


How many years would it take to double 100 if it earned 7.75 percent interest per year?

10 years


Six thousand dollars is deposited into a fund at an annual rate of 13 percent find the time required for the investment to double if the interest is compounded continuously?

the equation for compound interest is Pe^(rt) the principal you want in the end is twice that of the original 12,000 plugging in and solving you get 12,000=6000e^(.13t) t = 5.33 years