How long will it take an investment to triple if compounded continuously at 8?
Question: How long will it take for an investment to triple, if interest is compounded continuously at 8%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
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 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 an investment to triple in value if the interest rate is 5% compounded continuously?
If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).
How quickly will money double if it is invested at an annual interest rate of 7% compounded continuously?
With an estimated annual return of 7%, you’d divide 72 by 7 to see that your investment will double every 10.29 years. In this equation, “T” is the time for the investment to double, “ln” is the natural log function, and “r” is the compounded interest rate.
How long will it take an investment to triple in value if the interest rate is 4% compounded continuously?
It will take 7.85 years for the investment to triple.
What rate of interest compounded annually is required to double an investment in 6 years?
You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require an interest rate of about 12 percent.
How many years does it take an investment to triple in value if it is invested at 4.5% interest 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.
At what interest rate compounded continuously must money be invested to double in 2 years?
Question: At what nominal rate compounded continuously must money be invested to double in 2 years? A rate of 1% is required for money to double in 2 years.
How long will an amount of money triple at a simple interest rate of 1 per annum?
Divide the interest rate into 72 and that’s the number of years it takes to double your money. To triple your money this goes to the rule of 115. 1% divided into 115 is 115 years to triple your money at 1% interest.