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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?If an investment doubles in 9 years, how long will it take to quadruple (at the same rate of interest)? Less than 18 years. O Impossible to tell without more information. O More than 18 years. 18 years exactly.Approximately what rate is needed to double an investment over five years?
- Approximately (using the Rule of 72), how many years will it take to double a $3000 investment when interest rates are 3% per year?How many years would it take for money to triple in value at 20% per year simple interest?If the interest rate on an account is 11.5% compounded annually, approximately how many years will it take to triple the deposit?
- 18. What rate of annual interest will an investment quadruple itself in 10 years?What is the effective annual rate on an investment that pays an interest rate of 8.25% continuously?An investment will pay $10,000 eighteen months from now. What purchase price will provide a rate of return of 7% simple interest?