# How many years will a sum of money double itself at 12 per annum?

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**Imran**Date created:

**May 14, 2022**

## 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).

## 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?

## 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.

## Can I double my money in 5 years?

Similarly, 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..

## 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.

## 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%

## Related Question Answers

#### zerkms

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

So rate per annum = 10%.

#### CodeNotFound

Professor### 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.

#### Ram

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.

#### FlavorScape

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..

#### laukok

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.

#### Alain O'Dea

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 % .

#### Daniel Gimenez

Professional### 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.

#### lena

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.

#### Donald Duck

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.

#### Laurent Couvidou

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.

#### George

User### 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 ..

#### Adam Halasz

User### 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 .

#### kostix

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)%.

#### Pablo Ezequiel Inchausti

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 .

#### BrenBarn

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.

#### Sudhir Bastakoti

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 .

#### ktiu

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.

#### Nix

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.

#### Ilya Chernomordik

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

Answer. rate of interest is 8%.

#### Cairnarvon

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.

#### calistus

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.

#### gavenkoa

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.

#### Ben Jackson

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.

#### Quintin Robinson

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

721%

#### Fredrik Mörk

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.

#### Olaf Kock

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.

#### Aniket Kolekar

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

721%

#### FloLie

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%.

#### Cyttorak

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..

#### UnkwnTech

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.

#### Anice Jahanjoo

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

541%

#### Limon Monte

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.

#### Terry Lennox

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.

#### Veera

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 .

#### lhf

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.

#### Mahmoud Zalt

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

641%

#### Abhijith K

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).

#### Kayce Basques

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.

#### Raab

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.

#### Ian Nelson

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.

#### PaulMcG

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.

#### Dirk Vollmar

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%.

#### Kemp

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..

#### RunesReader

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%.

#### Peter Krebs

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.

#### DenisKolodin

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..

#### Paŭlo Ebermann

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.

#### L3viathan

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)

#### trsvchn

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.

#### Shital Shah

Guest### How long does it take a sum of money to triple itself at a simple interest rate of 5% per annum?

If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).