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Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Double In 8 Years? A Rate Of 90 Is Required For Money To Double In 8 Years.

Answered by: Cascabel Date created: May 15, 2022

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

Asked By: Sergey Bushmanov Date created: May 07, 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: Nick Grealy Date created: May 08, 2022

How many years money will double in bank?

Asked By: bluish Date created: May 08, 2022

than according to Rule 72 your invested money will be doubled in 72/8 = 9 years. This means if you invest Rs.1 lakh in Bank Fixed today than you will get Rs.2 lakhs if you stay invested for 9 years.18 Sep 2018

Answered By: Antoine Dubuis Date created: May 09, 2022

How many years would it take to double your money if your ROI is 4%?

Asked By: TLP Date created: May 13, 2022

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.)

Answered By: Evk Date created: May 13, 2022

What interest rate doubles your money in 7 years?

Asked By: Honza Javorek Date created: May 11, 2022

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.

Answered By: Darish Date created: May 13, 2022

How can I double my money every 3 years?

Asked By: t_dom93 Date created: Apr 29, 2022

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).

Answered By: ChristopheD Date created: Apr 29, 2022

How many years would it take your money to double A at 10% interest compounded yearly?

Asked By: SilentGhost Date created: May 08, 2022

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)

Answered By: JasonM1 Date created: May 09, 2022

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

Asked By: Beta Date created: Apr 30, 2022

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.

Answered By: John Humphreys - w00te Date created: May 02, 2022

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

Asked By: James Date created: May 10, 2022

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

Answered By: Spatz Date created: May 12, 2022

How often does the value of money double?

Asked By: S.M. Date created: May 02, 2022

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.

Answered By: UnkwnTech Date created: May 04, 2022

What percentage of money will double in 10 years?

Asked By: Francesco Casula Date created: May 09, 2022

(72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

Answered By: RavinderSingh13 Date created: May 09, 2022

Related Question Answers

Laurenz Albe

Professor

How does money double every 7 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.

methodofaction

User

How do I double my money in 10 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.

A. Rodas

User

Can I double my money in 10 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..

Yogesh Umesh Vaity

Guest

How much money would you have to win to never work again?

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.

Eric O Lebigot

Guest

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..

Emile Cormier

Guest

How can I double my money in 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).

Bruno Lowagie

Guest

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.

rlbond

Guest

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.

Koushik Roy

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..