Best answer

The Rule of 72 For example, if your money is earning an 8 percent interest rate, you'll double your money in 9 years (72 divided by 8 equals 9). Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4).

**Chris Patterson**Date created:

**May 15, 2022**

## What rate of return do you need to double your money in 10 years?

7.2 percentThe math rule of 72 tells you how long it will take to double your money at a given rate. The interest rate times the number of years to double compounded equals 72. So to double an investment in 10 years, divide 72 by 10. A mutual fund needs an average annual return of 7.2 percent to double in 10 years.

## How many years money will double in bank?

than according to Rule 72 your invested money will be doubled in 72/8 = 9 years. This means if you invest Rs.1 lakh in Bank Fixed today than you will get Rs.2 lakhs if you stay invested for 9 years.18 Sep 2018

## How many years would it take to double your money if your ROI is 4%?

For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years. Exact Answer: Rule of 72 Estimate: (We're assuming the interest is annually compounded, by the way.)

## What interest rate doubles your money in 7 years?

At 10%, money doubles every 7.2 years and when you divide 7.2 by 10%, you get 72. This rule of thumb helps you compute when your money (or any unit of numbers) will double at a given interest (growth) rate.

## How can I double my money every 3 years?

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

## How many years would it take your money to double A at 10% interest compounded yearly?

7.2 yearsThe rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

## How often does the value of money double?

The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

## What percentage of money will double in 10 years?

(72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

## How does money double every 7 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years. ... If you invest at a 7% return, you will double your money every 10.2 years.

## At what rate of simple interest will a sum of money double itself in 8 years?

12.5% per annumAt what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

## Related Question Answers

#### frankenapps

Professor### At what rate of simple interest will money double itself in 7 years?

Answer. It take about 14 years for four folding in which doubling the sum of money takes place in 7 years.

#### Óscar López

Professor### How long will it take a certain sum of money to triple itself?

A sum of money at simple interest double itself in 4 years. in how many years will it triple itself... At what rate percent per annum simple interest, will a sum of money triple itself in 25 years?

#### Ivan Bartsov

Professor### How long will it take for money to double at a rate of 6% compounded monthly?

For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double.

#### MatsLindh

Professor### How long will it take for your money to double if the interest is compounded continuously?

The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years. The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually.

#### onteria_

Professor### How long will it take money to double if it is invested at 7 compounded daily?

(72/9 = 8) If you invest at an 8% return, you will double your money every 9 years. (72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

#### Mark Cidade

Professional### How long will it take money to double if it is invested at?

If an investment scheme promises an 8% annual compounded rate of return, it will take approximately (72 / 8) = 9 years to double the invested money.

#### Noufal Ibrahim

Professional### How do I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years.

#### Stennie

Professional### Can I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return.

1 For example: If you invest money at a 10% return, you will double your money every 7.2 years.

...

If you invest at a 7% return, you will double your money every 10.2 years..

#### Yuri Schimke

Professional### How soon does money double if it is invested at 8% interest?

approximately nine yearsFor example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

#### akazemis

Professional### How can I double my money in 3 years?

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

#### dbenham

User### Does money double every 7 years?

At 10%, you could double your initial investment every seven years (72 divided by 10). In a less-risky investment such as bonds, which have averaged a return of about 5% to 6% over the same time period, you could expect to double your money in about 12 years (72 divided by 6).

#### nathancy

User### What interest rate do you need to double your money in 5 years?

14.4%For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72. The Rule of 72 is a simplified version of the more involved compound interest calculation.

#### Warren P

User### Does your money double every 7 years?

Here's how the Rule of 72 works: At 10%, money doubles every 7.2 years and when you divide 7.2 by 10%, you get 72. This rule of thumb helps you compute when your money (or any unit of numbers) will double at a given interest (growth) rate.

#### John Rotenstein

User### At what annual rate of interest compounded yearly Will money double in 8 years?

9% per yearThe Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

#### Diodeus - James MacFarlane

User### At what interest rate compounded continuously must money be invested to triple in 4 years?

Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Triple In 4 Years? A Rate Of % Is Required For Money To Triple In 4 Years.

#### vanduc1102

Guest### At what interest rate will a sum of money double itself in 3 years if the interest is compounded annually?

Answer. ☆☆☆Let the rate percent per annum be R. Thus, the required rate is 25.99% per annum.

#### FogleBird

Guest### At what percent of simple interest sum of money will double itself in 7 years?

Hence, if we have 2x after 7 years, we'll get its double after the same amount of time (4x at t = 14).

Hope it's clear..

#### A. Rodas

Guest### At what percent simple interest will a sum of money double itself in 16 years?

541%

#### David C. Rankin

Guest### At what rate does the simple interest a sum of money Triple itself in 25 years?

8% Was this answer helpful?

#### Kelvin Lawrence

Guest### At what rate of interest a sum of money doubles itself in 10 years?

In how many years will a sum of money double itself with the rate of 10% per annum simple interest? Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.

#### Rich Harris

Guest### At what rate of interest will a sum of money double in 5 years?

14.4% per yearSimilarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

#### Sagiv b.g

Guest### At what rate of interest will a sum of money double itself in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years..

#### Benjamin W.

Guest### At what rate of interest will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years.

#### Tom McLean

Guest### At what rate of markup would a sum of money become double in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years.

#### code_monk

Guest### At what rate of simple interest a sum of money will be doubled of itself in 15 years?

If the sum doubles (x2) in 15 years, then it to become 2*2*2 = 8 times as large it should double three times, so three 15 years time period are needed, which is 3*15 = 45 years.

#### GuedesBF

Guest### At what rate of simple interest will a sum of money double itself in 10 years?

10% per annumAnswer. it means at the rate of 10% per annum sum will double itself in 10 years .

#### Mikko Ohtamaa

Guest### At what rate of simple interest will a sum of money doubles itself in 1 year?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.

#### S. M. JAHANGIR

Guest### At what rate of simple interest will a sum of money doubles itself in 10 years?

10% per annumAnswer. it means at the rate of 10% per annum sum will double itself in 10 years .

#### xanatos

Guest### At what rate of simple interest will a sum of money doubles itself in 8 years?

12.5% per annumWhere P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### Cᴏʀʏ

Guest### At what rate per annum will sum of money double in 16 years?

= P and T = 16 yrs. Rate = (100 x P)/(P*16)% = 6 ¼ % p.a.

#### Ravi

Guest### At what rate per cent of simple interest will a sum of money double itself in 12 years?

721%

#### Luca

Guest### At what rate per cent per annum will a sum of money double itself in eight years?

12.5% per annumHence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### doğukan

Guest### At what rate percent compound interest does a sum of money becomes 27 times in 3 years?

Here, A is the total amount. So, rate of interest is 200%.

#### dotancohen

Guest### At what rate Percent of simple interest will a sum of money double itself in 12 years?

721%

#### Kamal Aboul-Hosn

Guest### At what rate Percent of simple interest will a sum of money double itself in 15 years?

In your case, a rate of ~4.8% would double a sum in ~15 years. R=100*I/P*N=100*P/P*15=100/15=20/3=6.666… =6.67%.

#### GateKiller

Guest### At what rate Percent of simple interest will a sum of money double itself in 2 years?

So rate of interest should be 3 (1/3) to get some of money double itself..

#### Eric Leschinski

Guest### At what rate Percent of simple interest will a sum of money double itself?

=PRT100. Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### ittus

Guest### At what rate percent on simple interest will a sum of money double itself in 30 years *?

So rate of interest should be 3 (1/3) to get some of money double itself.

#### mkobuolys

Guest### At what rate percent per annum simple interest will be a sum of money double itself in 16 years?

641%

#### Tony Ngo

Guest### At what rate percent will a sum of money double in 16 years?

Let principal = P.

Then, S.I.

= P and T = 16 yrs.

Rate = (100 x P)/(P*16)% = 6 ¼ % p.a..

#### Amir Saleem

Guest### At what rate percent will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years.

#### DIGI Byte

Guest### At what rate percent will a sum of money doubles itself in 8 years?

12.5%At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

#### Jared Burrows

Guest### At what rate will a sum of money doubles itself in 10 years?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double.

Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest..

#### LuLuGaGa

Guest### At what simple interest rate will a sum of money be doubled in 5 years?

Alternatively you can calculate what interest rate you need to double your investment within a certain time period.

For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72..

#### MrCode

Guest### At what simple interest rate will an amount of money double itself in 12 years?

To use the Rule of 72 in order to determine the approximate length of time it will take for your money to double, simply divide 72 by the annual interest rate. For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double.

#### quantumSoup

Guest### At what simple interest rate will sum of money double itself in 5 years?

For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72.

The Rule of 72 is a simplified version of the more involved compound interest calculation..

#### Muhammad Numan

Guest### How can I double my money in 5 years?

This is the number of years it will take for your money to double. For example, if your money is earning an 8 percent interest rate, you'll double your money in 9 years (72 divided by 8 equals 9). Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4).

#### Jonathan.Brink

Guest### How fast does money grow?

An investment that grows at 8% each year takes 9 years to double, while one that grows at 7% a year, doubles in 10.3 years. Just 1% more means… One-and-a-half year more of your money working for you, rather than you working for money!

#### gdaras

Guest### How many years will it take you to double your money if your rate of return is 7% annually?

10.2 yearsIf you invest at a 7% return, you will double your money every 10.2 years. (72/7 = 10.2)

#### Daniel

Guest### Does money double in 7 years?

The Rule of 72 states that the amount of time required to double your money equals 72 divided by your rate of return. For example: If you invest money at a 10 percent return, you will double your money every 7.2 years. If you invest at a 7 percent return, you will double your money every 10.2 years.