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How long will it take to double an investment at an interest rate that triples in 24 months?
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- Approximately what interest rate is needed to double an investment over eight years?An investment pays simple interest, and quadruples in 10 years. What is the interest rate?What is the present value of an investment that pays you $21.96 per month for 11 months if the first payment is today and the discount rate is 6.1% per month? (Round to the nearest cent)
- How long does it take (to the nearest whole year) for $1,000 to quadruple in value when the interest rate is 15% per year?Approximately (using the Rule of 72), how many years will it take to double a $3000 investment when interest rates are 3% per year?Approximately how many years does it take to double a $475 investment when interest rates are 8 percent per year?
- An investor deposits $1000. How long will it take them to double the initial deposit if the investment earns a simple interest rate of 10% per annum?An investment pays simple interest and doubles in 11 years. What is the interest rate?Answer = percent.How many years would it take for money to triple in value at 20% per year simple interest?