# Best answer: How long will it take money to triple itself if invested at 10% compounded every three months?

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## In what time will the principal Triple itself if rate of interest is 10% per annum?

compound rate of interest expressed as a percentage shows the cumulative amount that an invested sum of money will increase per annum. Hence, 10 percent tells us that, after every 1 year, the amount of money in the account will increase by 110 th (or 1.1 times) of the present amount. Therefore, 11.53 years.

## How long will it take money to triple itself if invested at 5% compound interest rate?

If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).

## How long will it take money to triple in an account if it pays interest expressed as 8% nominal annual compounded continuously?

Example: How long will it take our money to triple in a bank account with an annual interest rate of 8.45% compounded annually? Answer: Approximately 13.5 years to triple.

## How long will it take money to triple at an APR of compounded annually?

It will take about 12 years to triple an amount of money earning 6.5% compounded annually. (Round to one decimal place as needed)

## How long will it take a principal to triple itself if the money is worth 6% compounded continuously?

It will approximately take 18 years 10 months.

## In what time does a sum of money becomes triple?

Assuming 5% CAGR money will get Triple in 22 years 6months.

## At what interest rate compounded continuously must money be invested to triple in 4 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.

## How long will it take an investment to double in value using the Rule of 72 if its earn 2% 5% 10%?

How the Rule of 72 Works. For example, the Rule of 72 states that \$1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to \$2. In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2).

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## How long does it take for \$5000 to grow into \$6724.44 at 10% compounded quarterly?

How long does it take for \$5,000 to grow into \$6,724.44 at 10% compounded quarterly? a. 2 years.

## How long will it take \$10000 to reach \$50000 if it earns 10% annual interest compounded semiannually?

Question: How long will it take \$10,000 to reach \$50,000 if it earns 10% annual interest compounded semiannually? Answer: 16.5 years Please show steps to solving this, using the below Equation.

## How long will it take for an investment to triple if it is compounded continuously at 13 %?

It will take 7.85 years for the investment to triple.

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

It will take 15.7 years for the investment to triple.

## How long does it take an investment to triple at an annual interest rate of 6.45% compounded continuously?

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. 