Heeelllllpppp!!
2007-02-18 16:03:55 · 3 answers · asked by nubianprncess_1 1 in Business & Finance ➔ Personal Finance
To the closest year, how long would it take to double by 7 percent?
2007-02-18 16:15:16 · update #1
How long will it take if the deposit earns 18 percent?
2007-02-18 16:20:35 · update #2
Rule of 72. Divide the interest rate into 72, and that's how long. In your case, slightly longer than 10 years.
2007-02-18 16:07:15 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
For $200 invested @ 7% interest rate per yr.
In 10 years your savings will be 393.4302715.
In 11 years it will be 420.9703905.
For 18%
In 4yrs 387.755552
In 5yrs 457.5515514
2007-02-19 00:58:30 · answer #2 · answered by exo 7 · 0⤊ 0⤋
check is it in per year, per month or per day????
is it a fix D, saving D or investment D?
all these will make a diff.
2007-02-19 00:08:27 · answer #3 · answered by Spidy Josh 2 · 0⤊ 0⤋