Best answer: How long does it take for an investment to triple in value if it is invested at 6% compounded monthly?

It will approximately take 18 years 10 months.

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How long will it take for an investment to triple if it is compounded continuously at 6%?

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.

How long will it take for an investment to triple if it is compounded continuously?

The answer to the question is 14.3 years.

How long does it take an amount of money to triple if it is invested at a rate of 9% per year compounded monthly?

t= 7.32 years (7 years 117 days).

How long does it take for an investment to triple in value if the investment yields 5% per year?

1 Expert Answer

It will take 22.52 years to triple the investment at interest rate of 5%.

How long will it take for an investment to double at 3% per year?

To use the rule, divide 72 by the investment return (the interest rate your money will earn). The answer will tell you the number of years it will take to double your money. For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24).

How long does it take to triple your money?

To compute the exact time required to double up your money, divide 69 by the Annual Interest Rate and then add 0.35 to it. Divide 114 by the Annual Interest Rate to compute the time required to triple your money. For e.g.:- If you Invest 10,000 at 8% p.a., it will take you 14.25 years (114/8) to triple your money.

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How long would your PHP 50 000.00 investment be tripled if you invest it at 6% interest rate compounded monthly?

It will approximately take 18 years 10 months.

How long does it take for an investment to double in value if it is invested at?

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

How long in years and months will it take for an investment to double at 9% compounded monthly?

Also, since the interest rate is 9% but compounded monthly, we will divide it by 12, but keep in mind now the answer will be in MONTHS. So, about 92.77 months for the amount to double.

How much is $1000 worth at the end of 2 years if the interest rate of 6% is compounded daily?

Hence, if a two-year savings account containing $1,000 pays a 6% interest rate compounded daily, it will grow to $1,127.49 at the end of two years.

How long will it take your money to triple at an annual percentage rate of 7% compounded annually?

1 Expert Answer

You would have to invest for 17 years.

How many years will it take for your funds to triple if a bank pays you an annual rate of 3.8% and compounded monthly?

Use the formula, for tripling of an amount , for 3.8%. log(3) ÷ log(1.038). 1.038 is the Annual compounding factor. The answer is 29.46 years.

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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 itself if invested at 5% simple interest?

The sum of money triples itself. ∴ The number of years by which a sum will triple itself at 5% p.a is 40 years.

How long does it take for an investment to triple in value at 10 %/ A interest compounded monthly?

Answer: Assuming compounding at once a year at 10% then: 1.1 ^ n = 3 where n = number of years. Approximately 12 years.