At what nominal rate compounded continuously must money be invested to double in 8 years?

The 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. ... If you invest at a 7% return, you will double your money every 10.2 years.

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount S present at time t, that is, dS/dt = rS, where r is the annual rate of interest.

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.

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

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

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?

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.

For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double.

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.

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.

(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.

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.

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

The 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.

The 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.

...

If you invest at a 7% return, you will double your money every 10.2 years..

The answer is $1,475,000, for the average US household. This is how much money the average household would need invested at a nominal rate of return (usually given as 10%) in order to (1) provide for the household expenses, (2) be able to suffer a few years of bad markets, and (3) be at parity with inflation.

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.

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..

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).

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).

9% per yearThe Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Triple In 4 Years? A Rate Of % Is Required For Money To Triple In 4 Years.

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

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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.

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.

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

Answer. R =? At 5% simple interest, 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.

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.

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

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

Answer. rate of interest is 8%.

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

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

= P and T = 16 yrs. Rate = (100 x P)/(P*16)% = 6 ¼ % p.a.

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12.5% per annumHence, the rate of interest to double a money in 8 years will be 12.5% per annum.

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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%.

So rate of interest should be 3 (1/3) to get some 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.

So rate of interest should be 3 (1/3) to get some of money double itself.

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

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..

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..

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.