1. At 5 percent interest, how long does it take to double your money? 2. At 5 percent interest, how long does it take to quadruple your money? | Homework.Study.com (2024)

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• At 5.75 percent interest, how long does it take to double your money? At 5.75 percent interest, how long does it take to quadruple your money?
• a) At 7.3 per cent interest, how long does it take to double your money? b) At 7.3 per cent interest, how long does it take to quadruple it?
• At 5 percent interest, how long does it take to quadruple your money? (Round your answer to 2 decimal places.)
• At 7.3 percent interest, how long does it take to double your money? To quadruple it?
• At 9 percent interest, how long does it take to double your money to quadruple it?
• If the interest rate is 4.4% per year, how long will it take for your money to quadruple in value?
• If the interest rate is 5.0% per year, how long will it take for your money to quadruple in value?
• At 7.5 percent interest, how long does it take to double your money? At 7.5 percent interest, how long does it take to quadruple it?
• At 6.2 % interest, how long does it take to double your money? Length of time years At 6.2 percent interest, how long does it take to quadruple it?
• What is the interest rate necessary for an investment to quadruple?
• At 6.3 percent interest rate, how long does it take to double your money?
• Calculating the Number of Periods At 7.3 percent interest, how long does it take to double your money? To quadruple it? (WITHOUT USING THE RULE OF 72)
• (a) If the interest rate is 5.8% per year, how long will it take for your money to quadruple in value? (Do not your intermediate calculations. Round your answer to 2 decimal places.) (b) If the infla
• If you earn an annual interest rate of 9 percent, how many years will it take to triple your money?
• You have $500 today and want to triple your money in 6 years. What interest rate must you earn if the interest is compounded annually? A. 18.08 percent. B. 19.90 percent. C. 22.15 percent. D. 20.09 percent. E. 21.21 percent.
• At 25% interest rate per year, how long would it take to triple your money?
• At an interest rate of 6% per annum, how long will it take to triple your money?
• At 7.1 percent interest, how long does it take to double your money?
• If you earn 10% interest, how many years will it take to double your money?
• At 10% interest, it would take __ years to double your money, and __ years to quadruple it. (Round answers to 2 decimal places.)
• If you earn an annual interest rate of 10.2%, how many years will it take to triple your money?
• If you earn an annual interest rate of 9.8%, how many years will it take to triple your money?
• If $7,000 is place in an account with an annual interest rate of 4.5%, how long will it take the amount to quadruple if the interest is compounded annually?
• If $5,050 is place in an account with an annual interest rate of 3.75%, how long will it take the amount to quadruple if the interest is compounded annually?
• At 5 percent interest, how long would it take to triple your money? a. 16.55 years b. 16.64 years c. 17.09 years d. 19.01 years e. 22.52 years
• At 5 percent interest, how long does it take to double your money? (Round your answer to 2 decimal places.)
• You deposit $8500 in an account that pays 1.5% interest, compounded continuously. How long will it take for the money to triple?
• At 6.5% interest, (a) how long does it take to double your money? (b) To quadruple it?
• At 6.5% interest, how long does it take to double your money? To quadruple it?
• At 7.3% interest, how long does it take to double your money? To quadruple it?
• What is the interest rate necessary for an investment to quadruple after 17 years?
• 1. At 6 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 2. At 6 percent interest, how lo
• At 6.40 percent interest, how long does it take to double your money? (Round your answer to 2 decimal places. (e.g., 32.16)) At 6.40 percent interest, how long does it take to quadruple it? (Round yo
• What is the interest rate necessary for an investment to quadruple after 6 years of continuous compound interest?
• What is the interest rate necessary for an investment to quadruple after 20 years of continuous compound interest?
• You have $1,100 today and want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually?
• You have $500 today and want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually?
• If $600 is deposited into a savings account which pays 4.8% interest, compounded continuously, how long will it take the money to triple?
• How many years will it take an investment to quadruple if the interest rate is 8.75% compounded continuously?
• At an interest rate of 8% per annum, how long will it take to double your money?
• At an interest rate of 6% per annum, how long will it take to double your money?
• How long does it take for a deposit of $1,123 to triple in value if invested at the interest rate of 5.95%?
• At 13.4% interest, it would take ______ years to double your money. (Round your answer to 2 decimal places. (e.g., 32.16))
• At what interest rate compounded continuously must money be invested to triple in 3 years?
• At a growth (interest) rate of 11 percent annually, how long will it take for a sum to a. double? b. triple?
• At a growth (interest) rate of 10 percent annually, how long will it take for a sum to double? To triple?
• At what interest rate compounded continuously must money be invested to triple in 16 years?
• At what interest rate compounded continuously must money be invested to triple in 33 years?
• If you deposit money today in an account that pays 8.7% annual interest, how long will it take to double your money?
• If you deposit money today in an account that pays 8.5% annual interest, how long will it take to double your money?
• If you deposit money today in an account that pays 7% annual interest, how long will it take to double your money?
• If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?
• Your older sister deposited $5,000 today at 8.5 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 7 percent interest. How much more money must you de
• Your older sister deposited $2,500 today at 7.5 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 7 percent interest. How much more money must you de
• One year ago, you invested $3,250. Today, it is worth $4,000. What rate of interest did you earn? a. 11.54 percent b. 5.33 percent c. 23.08 percent d. 1.92 percent e. 4.33 percent
• Your older sister deposited $2,000 today at 6 percent interest for five years. You would like to have just as much money at the end of the next five years as your sister will have. However, you can only earn 6 percent interest. How much more money must yo
• Compute the annual percentage yield (APY) for a savings account that earned $56 in interest on $800 over 365 days.
• How long does it take to quadruple an investment at compound interest of 7.25%?
• The rate of interest actually paid or earned, also called the annual percentage rate (APR), is the what?
• Consider a $1,900 deposit earning 7 percent interest per year for six years. How much is interest earned on interest?
• You borrow $30,000 at an annual interest rate of 9%. What is the monthly amount of interest?
• How long does it take to triple your money, earning 7% interest compounded continuously?
• Suppose that you deposit your money in a bank that pays interest at a nominal rate of 10% per year. How long will it take for your money to double if the interest is compounded continuously?
• One year ago, you invested $2,001. Today it is worth $2,271. As a percentage, what rate of interest did you earn?
• For an interest rate of 2% per quarter, compounded continuously, the effective semiannual interest rate is closest to: A. Less than 4.0% B. 4.02% C. 4.12% D. Over 4.25%
• If you invest $2,030 today at an interest rate of 9.14 percent, compounded daily, how much money will you have in your savings account in 16 years?
• If you invest $25,582 today at an interest rate of 3.5 percent, compounded annually, how much money will you have in your savings account in 28 years?
• At what annual rate of return can you triple your money in 8 years if interest is compounded monthly?
• Interest-on-Interest Consider a $1,600 deposit earning 5 percent interest per year for 8 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?
• Let interest be paid at a nominal rate of 15% per year. How long will it take for a principal to double if the interest is (a) compounded annually; (b) compounded quarterly; (c) compounded continuously?
• How many years would it take your money to double at 10% interest compounded yearly?
• It will take _____ years to double your money at a 11% rate of interest compounded annually.
• With a 10% interest, how long will it take to triple my initial investment? Assume that the interest is being compounded continuously.
• What interest rate (compounded continuously) is earned by an investment that doubles in 20 years?
• If $1,000 is borrowed at 8% interest, find the amounts due at the end of 3 years if the interest is compounded i) annually ii) quarterly iii) monthly iv) weekly v) daily vi) hourly vii) continuousl
• Suppose you invest $10,000 at an interest rate of %7. a) If the interest is compounded quarterly, how much money will you have after 10 years? b) If the interest is compounded quarterly, how long will it take for you to have $30,000? c) If the interest is
• If you invest $1250 in an account paying 3% interest per year, what is the balance in the account after 3 years? How much of the balance corresponds to the interest on interest?
• A $320 savings account that earns $5 interest in a year has a yield of _____ percent. a. 14.40 b. 2.19 c. 1.56 d. 1.38 e. 5.25
• You can earn 8 percent interest, compounded annually. How much must you deposit today to withdraw $10,000 in 6 years? A. $5,402.69 B. $6,301.70 C. $6,756.76 D. $8,432.10 E. $9,259.26
• A man received 7 percent interest on a loan of $200 for 1 year. How much interest did he receive?
• What rate of interest compounded annually is required to triple an investment in 8 years?
• If you can earn 5% (compounded annually) on an investment, how long does it take for your money to triple?
• If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your answer to two decimal places.
• If you deposit money today in an account that pays 9.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
• An investment pays 9 percent interest compounded semi-annually. What is the effective annual interest rate?
• What interest rate (compounded continuously) is earned by an investment that triples in 7 years?
• At 6% annual interest rate, how long would it take to turn $100 dollars into $400 dollars? (Use annual compounding.)
• Euler bank advertises that it compounds interest continuously and that it will double your money in 27 yr. What is the annual interest rate?
• Euler bank advertises that it compounds interest continuously and that it will double your money in 30 yr. What is the annual interest rate?
• If you want to triple your money at an interest rate of 6% per year compounded annually, for how many years would you have to leave the money in the account?
• If you purchase an item for $1,232 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest?
• If you invest $12,000 today at an interest rate of 8% compounded quarterly, how much will it be worth in 5 years?
• If you invest $3,600 today at an interest rate of 7% compounded quarterly, how much will it be worth in 10 years?
• Would you rather have a savings account that pays 5 percent interest compounded semiannually or one that pays 5 percent interest compounded daily? Explain.
• You deposited $1.000 in a savings account that pays 9 percent interest, compounded quarterly. How much will your account be worth in 6 years?
• At what interest rate compounded continuously must money be invested to double in 3.5 years?
• At 6.1 percent interest, how many years does it take to double your money? (Round your answer to 2 decimal places. For example, 12.3456 should be entered as 12.35.)
• Find the interest. Round to the nearest cent. $130 at 6.8% for 11 months A) Interest = $97.20 B) Interest = $8.10 C) Interest = $810.00 D) Interest = $0.80
• What is the annual percentage yield (APY) for a deposit paying 5 percent interest with monthly compounding?
• Today, you deposit $3,500 in a bank account that pays 3.2 percent simple interest. How much interest will you earn over the next 5 years?