Best answer

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

Answered by: CyberEternal Date created: May 12, 2022

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

Asked By: maxshuty Date created: Apr 29, 2022

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.

Answered By: Bob Jarvis - Reinstate Monica Date created: Apr 30, 2022

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

Asked By: Cœur Date created: Apr 27, 2022

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.

Answered By: howlger Date created: Apr 27, 2022

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

Asked By: Antony Hatchkins Date created: May 09, 2022

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

Answered By: Scott Arciszewski Date created: May 12, 2022

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

Asked By: Brocco Date created: Apr 27, 2022

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?

Answered By: uminder Date created: Apr 27, 2022

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

Asked By: Joel Date created: May 08, 2022

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

Answered By: Gili Date created: May 11, 2022

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

Asked By: Makoto Date created: May 13, 2022

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..

Answered By: Herman Schaaf Date created: May 15, 2022

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

Asked By: Joseph Sible-Reinstate Monica Date created: May 14, 2022

541​%

Answered By: OscarRyz Date created: May 16, 2022

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

Asked By: Zadahyac Date created: May 09, 2022

8% Was this answer helpful?

Answered By: Murali Allada Date created: May 11, 2022

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

Asked By: MrBean Bremen Date created: May 11, 2022

So rate per annum = 10%.

Answered By: monfresh Date created: May 11, 2022

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

Asked By: angabriel Date created: May 10, 2022

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.

Answered By: Highway of Life Date created: May 13, 2022

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.

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 % .

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..

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..

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.