How Long Will It Take For An Investment To Triple If Interest Is Compounded Continuously At 88 %?

How many years will it take for an investment to triple itself if the interest rate is 12% compounded annually?

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..

How long will it take for an investment to triple if interest is compounded continuously at 7 %?

15.7 yearsIt will take 15.7 years for the investment to triple.

How long will it take for an investment to triple if it is compounded continuously at 15 %?

A=3P according to your question since you are trying to triple the investment. r=15%(0.15) and t=? The exponential function in the initial formula means we would have to use natural logarithms to solve for the answer. t= 7.32 years (7 years 117 days).

How long will it take for an investment to triple if interest is compounded continuously at 8%?

14 years and 5 monthsFor 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).

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.

How long will it take money to double if compounded continuously?

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 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 triple at an APR of 7.5 compounded annually?

Divide 72 by the interest rate and you learn how long it takes to double. So 72 divided by 7.5% will double in about 10 years. Triple is about 1.5 doubles.

What rate of interest compounded annually is required to triple an investment in 20 years?

1 Answer. At a rate of interest of 3.86% compounded annually investment will be tripled.

At what nominal rate compounded continuously must money be invested to triple in 7 years?

Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Triple In 7 ​years? A Rate Of __% Is Required For Money To Triple In 7 Years.

How long does it take an investment to quadruple in value if it earns 4 simple interest per year?

75 yearshow long it take an investment to quadruple in value if it earns 4% simple interest per year? It will take 75 years for the investment to quadruple.

What does it mean when something is compounded continuously?

Continuous compounding is the mathematical limit that compound interest can reach if it’s calculated and reinvested into an account’s balance over a theoretically infinite number of periods. … It is an extreme case of compounding, as most interest is compounded on a monthly, quarterly, or semiannual basis.

How long will it take for an investment to triple if interest is compounded continuously at 6%?

18 years1 Answer. To the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6% per year.

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.

How long does it take for an investment to double in value if it is invested at 8% compounded monthly?

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.