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

Best answer

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.

**Sibeesh Venu**Date created:

**May 13, 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.

## 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 long will it take for money to double if it is invested at 6% compounded continuously?

12 yearsTo 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.

## 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 in years will it take your money to triple at an annual percentage rate of 6% compounded annually?

= 72/ rate of interest = 72/6 = 12 years. It takes 19 years to triple your money.

## 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?

## 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.

## How long will it take money to triple itself if invested at 8% compounded annually?

The Rule of 115 It's as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).

## 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.

## Related Question Answers

#### Todd Menier

Professor### 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.

#### JSON Derulo

Professor### 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..

#### Martin Schmelzer

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

541%

#### Joey

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

8% Was this answer helpful?

#### dippas

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

So rate per annum = 10%.

#### leaf_yakitori

Professional### 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.

#### Mark Rogers

Professional### 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.

#### rob mayoff

Professional### 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..

#### Jakub Troszok

Professional### 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.

#### T.Todua

Professional### 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 % .

#### Keith Thompson

User### At what rate of interest will money Triple itself in 16 years?

Applying the formula, we get: (3-1)*100= 16r or r= 200÷16 = 12.5%.

#### dan1st

User### 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.

#### JJD

User### 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.

#### Daniel Gimenez

User### 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.

#### match

User### 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.

#### IMSoP

Guest### 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 ..

#### Thoriya Prahalad

Guest### 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 .

#### Jonathan Fingland

Guest### 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)%.

#### nbk

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 .

#### ghybs

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.

#### Joe Kington

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 .

#### Isantipov

Guest### 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.

#### Arsen Mkrtchyan

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.

#### WJS

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

Answer. rate of interest is 8%.

#### Mark Cidade

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.

#### Jon Spring

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.

#### Samuel Toh

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.

#### dmvianna

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

721%

#### ouah

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.

#### dustin.schultz

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 %.

#### David Bradshaw

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.

#### Laurent Couvidou

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

721%

#### Timothy Shields

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%.

#### Cristian Gomez

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..

#### Raj Yadav

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.

#### weakish

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

541%

#### poke

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.

#### Kris

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.

#### DRAX

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 .

#### Joseph

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.

#### andrewtweber

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

641%

#### Yannick Schall

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.

#### Imran Javed

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.

#### Kees C. Bakker

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.

#### Avius

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%.

#### Bo Persson

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..

#### brentonstrine

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..

#### yckart

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%.

#### Soc

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..

#### Sebastien Lorber

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).