How long will it take for an investment to triple if it is compounded continuously at 12 %?
Question: How long will it take for an investment to triple if it is compounded continuously at 12%? It will take about years to triple the investment.
How long would it take for an investment to triple if interest is compounded continuously at 8%?
Answer and Explanation: The answer to the question is 14.3 years.
How long will it take to triple your money at 6.25% compounded continuously?
It will approximately take 18 years 10 months.
How long will it take for an investment to triple in value if it earns 10.5% compounded continuously?
How long will it take money to triple if it is invested at 10.5% compounded continuously? It will take approximately 10.46 years for the initial investment to triple.
How long will it take money to triple itself if invested at 5% simple interest?
The sum of money triples itself. ∴ The number of years by which a sum will triple itself at 5% p.a is 40 years.
How long will it take for an investment to triple in value if it earns compounded continuously Round your answer to three decimals?
hence to the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6% per year.
What rate of interest compounded annually is required to triple an investment in 12 years?
At a rate of interest of 3.86% compounded annually investment will be tripled.
How long will an account invested at 11.5% compounded yearly be tripled?
The answer is the number of years to triple an amount at 11.5% compounded annually is 10.0925 years.
What is the rule of 115?
The Rule of 115 is used to figure out how long it will take for an investment to triple in value. It follows the same process as the Rule of 72. If an investment earns 7% per year, it will take 115/7 = 16.4 years for the investment to triple in value. As with the Rule of 72, the Rule of 115 is an approximation.
How long does it take to triple your money?
To compute the exact time required to double up your money, divide 69 by the Annual Interest Rate and then add 0.35 to it. Divide 114 by the Annual Interest Rate to compute the time required to triple your money. For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 14.25 years (114/8) to triple your money.
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.
How long will it take money to double if it is invested at 10% compounded quarterly?
In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return.
How much is $1000 worth at the end of 2 years if the interest rate of 6% is compounded daily?
Hence, if a two-year savings account containing $1,000 pays a 6% interest rate compounded daily, it will grow to $1,127.49 at the end of two years.
How long does it take for an investment to double in value if it is invested at 8 compounded monthly?
The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. 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.
How do I use AP 1 RN NT?
A = P(1 + r/n)nt
t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years.