# Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Double In 8 Years?

## What interest rate compounded continuously is earned by an investment that doubles in 8 years?

The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years..

## How long will it take money to triple itself if invested at 10% compounded every three months?

It will approximately take 18 years 10 months. Now we should use logarithmic functions. So the answer is approximately 18 years 10 months.

## What interest rate do you need to double your money in 5 years?

Alternatively you can calculate what interest rate you need to double your investment within a certain time period. For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you’ll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72.

## What’s the safest investment with the highest return?

Overview: Best low-risk investments in 2020High-yield savings accounts. While not technically an investment, savings accounts offer a modest return on your money. … Savings bonds. … Certificates of deposit. … Money market funds. … Treasury bills, notes, bonds and TIPS. … Corporate bonds. … Dividend-paying stocks. … Preferred stock.

## How many years are required for an investment to double in value if it is appreciating at the rate of 8% compounded continuously?

9 yearsIf an investment scheme promises an 8% annual compounded rate of return, it will take approximately (72 / 8) = 9 years to double the invested money.

## Can I double my money in 5 years?

To get your money doubled in five years, the CAGR needed will be nearly 15 per cent (more preciously 14.87 per cent). However, there is no guaranteed-return product that offers such a high rate of return and the only possible way to achieve this is by taking risk.

## How long will it take money to double itself if invested at 5% compounded annually?

14.4 yearsOr, if your money is earning a 5 percent interest rate, you’ll double it in 14.4 years (72 divided by 5 equals 14.4).

## How long will it take for an investment to triple if it is compounded continuously at 15 %?

A=3P according to your question since you are trying to triple the investment. r=15%(0.15) and t=? 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 long does it take for an investment to double in value if it is invested at 2% compounded quarterly?

About YearsAt 2% Compounded Quarterly, The Investment Doubles In About Years. (Round To Two Decimal Places As Needed.)

## How long will it take for a principal to double if money is worth 12% compounded monthly?

Answer. Answer: I believe you are asking if we have an annual rate of 12%, compounded monthly, how long to double? X = 69.66 or at 70 months.

## What interest rate compounded continuously is earned by an investment that triples in 10 years?

Question: What Interest Rate (compounded Continuously) Is Earned By An Investment That Triples In 10 Years? A Rate Of % Is Eamed By An Investment That Triples In 10 Years. (Do Not Round Until The Final Answer.

## How long will it take for an investment to triple if interest is compounded continuously at 7%?

15.7 yearsIt will take 15.7 years for the investment to triple.

## How long will it take \$500 to double at a simple interest rate of 5%?

It’ll take 24 years for your investment to double.

## How many years would it take your money to double A at 10% interest compounded yearly?

7.2 yearsThe rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

## At what percentage rate of simple interest per annum will an amount of money double in 10 years?

Answer. it means at the rate of 10% per annum sum will double itself in 10 years .

## Can you trust financial advisors?

Individual investors naturally rely on the expertise and involvement of financial advisors. … If an advisor has a history of non-compliance with regulations such as The Employee Retirement Income Security Act (ERISA), it would be hard to trust that the advisor will make your finances his or her priority.

## Which investment gives highest return?

Here is a look at the top 10 investment avenues Indians look at while saving for their financial goals.Debt mutual funds. … National Pension System (NPS) … Public Provident Fund (PPF) … Bank fixed deposit (FD) … Senior Citizens’ Saving Scheme (SCSS) … Pradhan Mantri Vaya Vandana Yojana (PMVVY) … Real Estate. … Gold.More items…•