How long will it take for money to triple itself if invested at 17% compounded annually?

It will approximately take 18 years 10 months.

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

1 Expert Answer

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You would have to invest for 17 years.

How long would it take an investment to triple if the interest rate is 6% compounded annually?

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 a sum of money to triple itself at 7.5% compounded semi annually?

t= 7.32 years (7 years 117 days).

How long will it take a sum to triple itself at the rate of 10% compounded semi annually?

The answer to the question is 14.3 years.

How long will 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.

How long will it take a sum of money to treble itself at 14 percent?

Bookmark Revision_questions. Revision questions Question 1 How long will it take a sum of money to treble itself at 14 percent? It took around 8.38 years to make the sum of money treble itself at 14% or 3058 Days, 16 Hours, and 48 Minutes.

How long would it take to triple your money at 5 interest?

1 Expert Answer

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

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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 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 would it take to quadruple money?

Rule of 114 can be used to determine how long it will take an investment to triple, and the Rule of 144 will tell you how long it will take an investment to quadruple. For example, at 10% an investment will triple in about 11 years (114 / 10) and quadruple in about 14.5 years (144 /10).

How long will it take money to if it is invested at compounded?

The result is the number of years, approximately, it’ll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

How long will it take a certain sum of money triples itself at 8% simple interest?

Answer Expert Verified. hence, after 25 years sum of money will be triple itself .

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.

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How long in years and months will it take for an investment to double at 6% compounded monthly?

The annual percentage yield on 6% compounded monthly would be 6.168%. Using 6.168% in the doubling time formula would return the same result of 11.58 years.

At what percent will a sum of money triples itself in 10 years?

So rate of percentage per annum must be 12.5% to triple the sum.