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

Best answer

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

**CyberEternal**Date created:

**May 12, 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.

## 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.

## 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.

## 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?

## 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.

## 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..

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

541%

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

8% Was this answer helpful?

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

So rate per annum = 10%.

## 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.

## Related Question Answers

#### Angew is no longer proud of SO

Professor### 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.

#### Ciro Santilli 新疆再教育营六四事件法轮功郝海东

Professor### 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..

#### Opal

Professor### 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.

#### RedPandaz

Professor### At what rate of interest will a sum of money doubles itself in 50 3 years?

Time ; t = 50 3 years so , simple interest , I = p × r × t 100 = p × r × 50 3 × 100 = pr 6 So sum of money after 50 3 years = p + I = p + pr 6 Now according to the question we have ; Sum of money becomes double after 50 3 years , so we have ; 2 p = p + pr 6 ⇒ p = pr 6 ⇒ r = 6 Therefore rate of interest is 6 % .

#### enet

Professor### 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.

#### Mick MacCallum

Professional### At what rate of percent compound interest does a sum of money becomes 4 times itself in 2 years?

Since it is compound interest, the Principal for the second year would be 2P. This again doubles itself in another year because Interest rate is 100%. So at the end of two years it becomes 4 P. Hence at an interest rate of 100% , the sum of money becomes 4 times itself.

#### Doug Sillars

Professional### 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.

#### Vincent Ramdhanie

Professional### At what rate of simple interest a sum of money will be doubled on 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.

#### Alexander Mokin

Professional### At what rate of simple interest in 4 years a sum of money will become 4 times the principal?

5% per annumA sum of money become four times at the simple interest rate of 5% per annum in 60 years .

Formula : Hence a sum of money become four times at the simple interest rate of 5% per annum in 60 years ..

#### FaneDuru

Professional### At what rate of simple interest in 4 years a sum of money will become four times the principal?

5% per annumA sum of money become four times at the simple interest rate of 5% per annum in 60 years . Formula : Hence a sum of money become four times at the simple interest rate of 5% per annum in 60 years .

#### Graham Ritchie

User### At what rate of simple interest will a sum of money amount to 7 4 of itself in 6 years?

700/4 in 6 years. Interest = (700/4)-100 = Rs. 300/4; Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.

#### Martin Liversage

User### 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 .

#### Navelvynnor

User### 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.

#### Sonia

User### 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 .

#### omajid

User### At what rate of simple interest will a sum of money doubles itself in 20 years?

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

#### AskNilesh

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.

#### Michael Berkowski

Guest### At what rate of simple interest will a sum of money treble itself in 25 years?

Answer. rate of interest is 8%.

#### Arghya Sadhu

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

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum.

#### anky

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

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum.

#### Alan Storm

Guest### At what rate of simple interest will sum of money doubles itself in 20 years?

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

#### Stefan Steiger

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.

#### Mahesh Jamdade

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

721%

#### Paul Draper

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.

#### malbarmavi

Guest### At what rate percent a sum of money doubles itself in 15 years?

what is the rate of interest ? => r = 100/15 = 20/3 % = 6.66 %.

#### Stephan Pieterse

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%.

#### Chris Ruehlemann

Guest### At what rate Percent of simple interest per annum will a sum of money triple in 6 years?

Answer: 33 1/3 % p.a.

#### Bertrand Martel

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

721%

#### Chris

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%.

#### Chris W.

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..

#### Parfait

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.

#### Bhojendra Rauniyar

Guest### At what rate Percent of simple interest will a sum of money doubles itself in 16 years?

541%

#### Badr Bellaj

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

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

#### Steven G

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.

#### Mike Dinescu

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

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

#### Tanishka Vashisht

Guest### At what rate percent per annum simple interest will a sum of money Triple itself in 20 years?

Let, the rate of simple interest per annum be R%. Now, I = A- P = 6050 - 5000 = 1050.

#### Netwave

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

641%

#### Željko Filipin

Guest### At what rate percent per annum will the simple interest on a sum of money will be 2 by 5 of the sum in 10 years?

Simplifying the above equation, we have y10=25. Cross multiplying the terms of the above equation, we have 5y=2×10=20. Rearranging the terms of the above equation, we have y=205=4. Hence, the rate of interest per annum is 4, which is option (c).

#### Axeman

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..

#### wsl

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

The money doubles itself, it means 100% money is added. So the simple interest is 6.25% per year. Hope it helps.

#### kubi

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.

#### Dmitry Bychenko

Guest### At what rate percent will a sum of money treble itself in 16 years at SI?

Answer. Let, the SUM = Rs X and RATE = r%. TIME (t) = 16 years.

#### Matthias

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

Let the number of years be denoted as n. Given the principle amount triples itself in 5 years. r = 0.4 = 40%.

#### stinkycheeseman

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..

#### unor

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..

#### amphetamachine

Guest### At what simple interest rate will a sum of money become four times of itself in 15 years?

20%The rate at which a sum becomes four times of itself in 15 years at S.I., will be : A. = 20%.

#### Junius L.

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.

#### kanaka

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..

#### Chris Lutz

Guest### At what time does a sum of money Triple itself at the rate of 20?

Answer Expert Verified = 10 years . A sum becomes 3 times. Rate = 20% p.a.

#### S.Lott

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.

#### Gene Burinsky

Guest### How can I double my money in 10 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.