How long will it take for an investment to triple if interest is compounded continuously at 12\%?

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How long will it take for an investment to triple if interest is compounded continuously at 12\%?

t= 7.32 years (7 years 117 days).

How many years will it take an investment to triple if the interest rate is 5\% per year compounded monthly?

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

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How long will it take money to triple at an APR of compounded annually?

It will take about 12 years to triple an amount of money earning 6.5\% compounded annually.

How long will it take an investment to triple in value if the interest rate is 12\% per year compounded annually?

Your question states simple interest, thus it would take 15 years to triple the principal in nominal terms. Each year would add the simple interest of 20\% to the principal.

How long will it take for your investment to triple?

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 investment to triple?

The answer to the question is 14.3 years.

How long will it take an investment to triple?

How long will it take for an investment to triple at 6\% per year at a compound interest?

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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 you to triple your money if you invest it at a rate of 6\% compounded annually?

It will approximately take 18 years 10 months.

What is the rate of compound interest if an investment triples?

The compound interest formula is: A = Pert Where A is the current value, P is the initial investment, r is the rate, and t is time. If an investment triples, that means A is currently equal to 3*P Your interest rate is 5\%, or, 0.05 So

How long will it take you to Triple your money?

How long will it take you to triple your money if you invest it at a rate 6\% compounded annually? It will approximately take 18 years 10 months. So we want to find t. Lets start

How long does it take to Double Your Investment?

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therefore, it will take 13.86 years to double your investment based on an interest rate of 5\%

How do you calculate compound interest return on investment?

The rule of calculating compound interest return is (1+r)^t. If you assume the interest rate or r is 15\% and you want to double your money, the equation is 1.15^t=2. You then solve for t, which shows a doubling of your money in just under 5 years.