How long will it take an investment to triple in value if the interest rate is 5% compounded continuously?

How long will it take an investment to triple in value if the interest rate is 6% compounded continuously?

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 will it take for an investment to triple if interest 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 will it take money to triple if it is invested at the following rates?

So the answer is approximately 18 years 10 months.

How long will it take your money to triple at a rate of 9%?

For example, with a 9% rate of return, the simple calculation returns a time to double of eight years. If you use the logarithmic formula, the answer is 8.04 years—a negligible difference. In contrast, if you have a 2% rate of return, your Rule of 72 calculation returns a time to double of 36 years.

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How long to the nearest year will it take an investment to double if it is continuously compounded at 13% per year?

1 Expert Answer

The easiest way to solve it is to take the ln(2) and divide it by the interest rate. For this problem, assuming that your rates are annual, this formula gives us ln(2)/. 13 = 5.33 years and ln(2)/. 15 = 4.62 years.

How much interest does $10000 earn in a year?

Average savings account rates

The largest banks, which stick to the traditional brick-and-mortar business model, typically won’t offer more than 0.01% APY on their standard savings accounts. At that rate, a savings balance of $10,000 would earn just ten cents a year.

How long in years will it take money to quadruple if it earns 7% compounded semi annually?

Problem Answer:

The money will be quadruple in 20.15 years if it earns 7% compounded semi-annually.

What rate of interest compounded annually is required to triple an investment in 15 years?

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