2007-12-13 06:18:51 · 5 answers · asked by Wondering???? 1 in Business & Finance ➔ Personal Finance
About 69 or 70 days depending on how you round. If you could pull off this kind of return then you would be making some serious money. A few years and you could retire for life. However, it is pretty much impossible to sustain that kind of growth.
2007-12-13 06:23:56 · answer #1 · answered by A.Mercer 7 · 0⤊ 0⤋
If you are getting compound interest daily, then use this formula:
2 = (1+.01)^x and solve for x and since you need full days, it would 70 days.
2007-12-13 17:26:28 · answer #2 · answered by chungsterama 3 · 0⤊ 0⤋
If the 1% is not compunded, just simple interest, it will take 100 days.
100 days (X) 1% = 100%
2007-12-13 14:21:57 · answer #3 · answered by jwishz 7 · 0⤊ 0⤋
70 days, and some hard work...
2007-12-13 14:35:47 · answer #4 · answered by monsterfromspace 3 · 0⤊ 0⤋
too long
2007-12-13 14:21:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋