At a rate of interest of 3.86% compounded annually investment will be tripled.
At what rate of interest compounded annually will an investment triple in 10 years?
If you are considering money to be compounded every year, then it needs to be invested at 11.6% per annum to be tripled in 10 years.
How many years will it take for an investment to triple if the interest rate is 12% compounded annually?
Originally Answered: How long will it take a certain some of money to triple itself at 12% per annum compound interest? Nine years and 248.8998 days.
How many months will it take for an investment to triple if the interest rate is 9% compounded monthly?
Answer and Explanation: The answer to the question is 14.3 years.
How long will it take money to triple at an APR of compounded annually?
It will approximately take 18 years 10 months.
What rate compounded annually will triple any sum in 4 years?
So, at the rate of 31.6074% compounded annually, the sum will triple in 4 years.
How much time is needed for money to triple if invested at 9 compounded semiannually?
The answer is 19 years.
What rate of interest compounded annually is required to triple an investment in 16 years?
At a rate of interest of 3.86% compounded annually investment will be tripled.
What interest rate do you need to triple your money in 5 years?
To triple your money in five years, you must earn an annualized 24.6% return. That’s a tall order.
How long will it take an investment to triple in value if the interest rate is 6% 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.
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 long will it take an investment to triple if it is invested into an account with 4% continuously compounding interest?
The exponential function in the initial formula means we would have to use natural logarithms to solve for the answer. t= 7.32 years (7 years 117 days).
How many years will be required for a given sum of money to triple if it is deposited in a bank account that pays 8% per year compounded quarterly?
Answer: Approximately 13.5 years to triple. Make a note that doubling or tripling time is independent of the principal.
How long will it take money to triple at an APR of 6.7 compounded annually?
1 Expert Answer
You would have to invest for 17 years.
How long will it take money to triple at an APR of 6.9 compounded annually?
= 72/ rate of interest = 72/6 = 12 years. It takes 19 years to triple your money.