# How long will it take for a principal to double its money is worth 12% compounded monthly?

Best answer

Answer. Answer: I believe you are asking if we have an annual rate of 12%, compounded monthly, how long to double? X = 69.66 or at 70 months.

**Richard**Date created:

**May 16, 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 long does it take to double your money in a 401k?

For example, if you invest $10,000 at 10 percent compound interest, then the “Rule of 72” states that in 7.2 years you will have $20,000. You divide 72 by 10 percent to get the time it takes for your money to double. The “Rule of 72” is a rule of thumb that gives approximate results.

## 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.)

## 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 long does it take to get money after approved for disability?

one to two monthsUnfortunately, Social Security disability claimants typically have to wait one to two months after approval before they will see their first Social Security Disability monthly payment. In most cases, it will take even longer for you to receive your back pay.

## How long will it take for a sum of money to quadruple at 10% compounded annually?

You are correct in your comment that if you had 10% interested compounded annually, you would quadruple your money in 14.54 years.

## 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.

## How long will it take money to triple at an APR of 7.5% compounded annually?

Answer: 15.6 years.

Step-by-step explanation: We have to calculate the years to triple an amount of money earning 7.3% compounded annually..

## How long will it take the money to triple itself if invested at 10% compounded semi annually?

1 Answer. Joe D. It will approximately take 18 years 10 months.

## 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.

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Professor### How long does it take to double your money at 10 percent?

seven 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).

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Professional### 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.

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Professional### 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?

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Professional### How long will it take for a principal to double if money is worth 12% compounded monthly?

I believe you are asking if we have an annual rate of 12%, compounded monthly, how long to double? X = 69.66 or at 70 months.

#### iRon

Professional### 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.

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User### 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.

#### Wiktor Stribiżew

User### How long will it take money to double if it is invested at 4% compounded continuously?

Additionally, the Rule of 72 can be applied across all kinds of durations provided the rate of return is compounded. If the interest per quarter is 4%, then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal.

#### gagneet

User### 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.

#### Dark Falcon

User### 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.

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User### How long will it take money to triple itself if invested at 10% compounded every three months?

It will approximately take 18 years 10 months. Now we should use logarithmic functions. So the answer is approximately 18 years 10 months.

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Guest### How long will it take money to triple itself if invested at 12% per year?

You can use the “Rule of 72” to get an approximate calculation. All you do is take 72 and divide it by the interest rate. So in this case 72/12 = 6. However, using an actual calculator for this you'll see it would be exactly 6 years and 2 months.

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Guest### How long will it take your money to triple at an annual percentage rate of 7% compounded annually?

1 Expert Answer You would have to invest for 17 years.

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Guest### How long will it take for your money to double if the annual percentage yield APY is 6 %?

Simply enter a given rate of return and this calculator will tell you how long it will take for the money to double by using the rule of 72....Doubling Time Table.Growth RateTime to Double5%14.46%127%10.298%996 more rows

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Guest### 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.

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Guest### How can I double my money on the market?

Rule of 72 defined The rule of 72 is a straightforward way that you can calculate how long it will take for your money to double based on an average annual rate of return. Using the rule, you take the number 72 and divide it by this expected rate.

#### Graham Ritchie

Guest### How can I double my money in 1 year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn).

The answer will tell you the number of years it will take to double your money.

For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24)..

#### Aleksei Matiushkin

Guest### How can I double my money in a year?

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Guest### How can I double my money in one year?

The Classic Way—Earning It Slowly The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

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Guest### How can I double my money in stock market?

The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide your expected annual rate of return into 72. The result is the number of years it will take to double your money.

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

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Guest### 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.

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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.

#### AbolfazlR

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.

#### jnpdx

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).

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#### YSC

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)

#### Martin Adámek

Guest### How can I double my money in 7 years?

The most basic example of the Rule of 72 is one we can do without a calculator: Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years.

#### Steve Tjoa

Guest### Can I double my money in a year?

The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

#### spencergibb

Guest### How long does a sum of money takes to double itself at a simple interest rate of 7.5% per annum?

The rule states that an investment or a cost will double when: [Investment Rate per year as a percent] x [Number of Years] = 72. The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

#### Fredrik Mörk

Guest### How long does it take for your money to double in the stock market?

At 12%, you could double your initial investment every six years (72 divided by 12). In a less-risky investment such as bonds, which Standard and Poor's says have averaged about 6% over the same time period, you could expect to double your money in about 12 years (72 divided by 6).25 Jun 2019

#### jmcilhinney

Guest### How long does it take money to double in the stock market?

At 12%, you could double your initial investment every six years (72 divided by 12). In a less-risky investment such as bonds, which Standard and Poor's says have averaged about 6% over the same time period, you could expect to double your money in about 12 years (72 divided by 6).

#### Oussama el Bachiri

Guest### How long does it take to double your money at 5 percent interest?

14.4 yearsOr, 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). If your money is earning a measly 1 percent interest rate, it will take you—yep, you guessed it—a whopping 72 years to double it.

#### sev

Guest### How long does it take to double your money at 5 percent?

Answer and Explanation: It would take 14.4 years to double your money. Applying the rule of 72, the number of years to double your money is 72 divided by the annual interest rate in percentage. In this question, the annual percentage rate is 5%, thus the number of years to double your money is: 72 / 5 = 14.4.

#### Some programmer dude

Guest### How long in years will it take money to quadruple if it earns 7% compounded semi annually?

Problem Answer: The money will be quadruple in 20.15 years if it earns 7% compounded semi-annually.

#### creack

Guest### How long in years would it take money to double at a simple interest rate of 5% per year?

14.4 yearsOr, 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).

#### abccd

Guest### How long will a sum of money invested at 5% per annum si take to increase its value by 50?

Thus, it will take 8 years.

#### Brian Bi

Guest### How long will an amount of money double at a simple interest of 2 per annum?

50 yearsTherefore, it will take 50 years to get the double amount at a simple interest rate 2 percent per annum.

#### Tomas Votruba

Guest### How long will an amount of money double at a simple interest of 5% per annum?

14.4 yearsOr, 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).

#### Muhtar

Guest### How long will an amount of money double at a simple interest rate of 0.05% per annum?

Let us assume that in T years, the principal amount doubles. Therefore, it will take 50 years to get the double amount at a simple interest rate 2 percent per annum.

#### David Tang

Guest### How long will an amount of money double at a simple interest rate of 2% per annum?

50 yearsTherefore, it will take 50 years to get the double amount at a simple interest rate 2 percent per annum.