How long does it take for an amount of money, p, to double itself if its invested at 7% interest compounded 4 times a year? Round answer to 2 decimal places. | Homework.Study.com (2024)

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• How long will it take an investment to double in value if the interest rate is 11% compounded continuously? (round your answer to two decimal places.)
• How long will it take for an investment of $1,000 to double in value if the interest rate is 7.5% per year, compounded continuously?
• How long will it take an investment to double in value if the interest rate is 9% compounded annually?
• How long will it take for money to double if it is invested at an interest rate of 9.5% compounded quarterly?
• How long will it take for money to double if it is invested at an interest rate of 11% compounded quarterly?
• How long will it take to double $500 if it is invested in an account earning 10% interest, compounded annually?
• How long will it take to double $500 if it is invested in an account earning 20% interest, compounded annually?
• How long will it take to double $500 if it is invested in an account earning 6% interest, compounded annually?
• How long will it take to double $500 if it is invested in an account earning 100% interest, compounded annually?
• a. How long will it take money to double if it is invested at 7% compounded quarterly? b. How long will it take money to double if it is invested at 8.6 % compounded continuously?
• How long does it take for an investment to double in value if it is invested at 10.99% interest compounded continuously?
• How long will it take money to double if it is invested at 15% compounded monthly?
• How long does it take for an investment to double in value if it is invested at 66% compounded quarterly? Compounded continuously?
• How long does it take for an investment to double in value if it is invested at 15% compounded quarterly? Compounded continuously?
• How long (in years) will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. a) 7% b) 11% c) 16% d) 100%
• How long will it take $800 to double if it earns the following rates? Compounding occurs once a year. (Round each answer to two decimal places) a.4%. b.13%. c.20%. d.100%.
• How long does it take for an investment to double in value if it is invested at 8.9% compounded monthly?
• How long does it take for an investment to double in value if it is invested at 14% compounded monthly?
• How long will it take an investment to double in value if the interest rate is 9% compounded continuously?
• How long will it take an investment to double in value if the interest rate is 2% compounded continuously?
• How long will it take for an investment to double in value if it earns 5.4% compounded continuously?
• How long does it take for an investment to double in value if it is invested at 20% compounded continuously?
• How long does it take for an investment to double in value if it is invested at 8% per annum a) compounded monthly? b) compounded continuously?
• How long will it take money to double if it is invested at the following rates? (a) 7.8% compounded weekly (b) 9.1% compounded weekly
• How long will it take to double your savings if you earn 6.8 percent interest, compounded annually?
• How long will it take for money to double if invested at 6% compounded quarterly?
• How long does it take for an investment at 2.2% compounded daily to double in value?
• How long does it take for an investment at 1.99% compounded daily to double in value?
• How long does it take for an investment to double in value if it is invested at 20% compounded monthly question mark compounded continuously?
• How many years would it take your money to double at 10% interest compounded yearly?
• Find how long it takes $1,000 to double if it is invested at 8% interest compounded semiannually.
• How long does it take for an investment to double in value if it is invested at 5.55% compounded quarterly?
• How long does it take for an investment at 3.3% compounded quarterly to double in value?
• How long will it take an investment to double, compounded continuously at 8%?
• How long will it take for an investment to triple in value if it earns 83% compounded continuously? Round your answer to three decimals.
• How long will it take an investment of $15,000 to grow to $55,000 with an interest rate of 8% compounded quarterly? Round to 1 decimal place if needed.
• How long will it take an investment of $2,000 to triple if the investment earns interest at the rate of 6% per year compounded daily? (Round answer to two decimal places.)
• How long it takes to double investment of $10,000 compounding continuously with annual interest rate of 5.35%?
• At what interest rate compounded continuously must money be invested to double in 3.5 years?
• You are interested in determining how long it will take an investment of $10,000,000 to double in value. The current interest rate is 7% compounded annually. How many years will it take $10,000,000 to
• How long does it take for $1,600 invested at 6.75% annual simple interest to be worth $12,900? Express answer in number of years, rounded to 2 decimal places.
• How long will it take $200 to double, if compounding occurs once a year at 7%?
• How long will it take to double the principle of any amount if the interest rate is 1% compounded monthly?
• To the closest year, how long will it take a $200 investment to double if it earns 7% interest? How long will it take if the investment earns 18 percent?
• How long (in years) will it take $1000 to triple if it is invested at 7.0% compounded continuously? Round answer to the nearest tenth of a year.
• How long will it take to double $1,000 if invested at 12.25% using annual compounding? a. 7.2 years b. 6.5 years c. 6 years d. 5 years e. none of the given ones
• How long would it take to double your principal at an annual interest rate of 7% compounded continuously?
• How long will it take for an investment of $5,000 to triple if the investment earns interest at a rate of 8% per year compounded daily?
• How many years will the following take? $327 to grow to $46,959 if invested at 5.31 percent, compounded annually. Round the answer to two decimal places.
• How many years will the following take? $739 to grow to $6,490 if invested at 8.60 percent, compounded annually. Round the answer to two decimal places.
• How many years will the following take? $980 to grow to $24,368 if invested at 14.92 percent, compounded annually. Round the answer to two decimal places.
• Use the compound interest formula to determine how long it will take for $5,000 to double if it is invested at a rate of 8% per year compounded quarterly.
• a) To the closest year, how long will it take a $200 investment to double if it earns 7 percent interest? b) How long will it take if it earns 18 percent?
• How long will it take for an investment of $5,000 to triple if the investment earns interest at a rate of 8% per year compounded monthly?
• How long will it take an investment of $100 double its value at 15 percent compound interest?
• How long does it take for an investment to triple in value if it is invested at 6% compounded monthly?
• Say you have invested $50,000 at a yearly interest rate of 12.5% compounded annually. How many years will it take for your investment to double in size?
• How long will it take for an investment of $5,000 to triple if the investment earns interest at a rate of 8% per year compounded quarterly?
• How long will it take for an investment to triple in value if it earns 10.5% compounded continuously?
• How long does it take to double an investment at compound interest of 4.2%?
• How long would it take an investment to double under each of the following conditions? a. Interest is 3.3% compounded monthly. Blank years and Blank months. b. Interest is 7% compounded continuously. Blank years.
• How long will it take money to triple if it is invested at the following rates? a) 7.2% compounded monthly b) 8.7% compounded monthly
• How long will it take for $,7000 to grow to $25,200 at an interest rate of 10% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.
• Approximately how many years are needed to double a $100 investment when the interest rate is 8.50% per year? (Round the answer to 2 decimal places.)
• How long will it take for an investment of 4000 to earn 600 in interest if it is invested at 6.8% compounded continuously?
• How long will it take $300 to double if it earns the following rates? Compounding occurs once a year. a. 6% b. 13% c. 21% d. 100%
• How long does it take for an investment to triple in value if it is invested at 12.55% interest compounded continuously?
• How long does it take for an investment at 4.75% compounded daily to triple in value?
• Compounded annually, at what rate of interest will a sum of money double itself in 6 years?
• How long will it take money to quadruple if it invested at the following rates? A. 7.3% compounded daily B. 14.6% compounded daily.
• At 10.38% compounded annually, how long (how many years) will it take $631 to double?
• To what amount will the following investment accumulate? $36,646, invested today for 37 years at 16.74%, compounded monthly. Round the answer to two decimal places.
• To what amount will the following investment accumulate? $11,414, invested today for 11 years at 9.68%, compounded monthly. Round the answer to two decimal places.
• To what amount will the following investment accumulate? $26,423, invested today for 38 years at 8.97%, compounded monthly. Round the answer to two decimal places.
• How many years it will take you to double your money if you can earn 6% each year, given that compounding is quarterly?
• How long, to the nearest year, will it take me to become a millionaire if I invest $1,000 at 10% interest compounded continuously?
• How long, to the nearest year, will it take me to become a millionaire if I invest $1,000 at 8% interest compounded continuously?
• Approximately how many years are needed to double a $100 investment when interest rates are 5.50% per year? (Round your answer to 2 decimal places.)
• Approximately how many years are needed to double a $100 investment when interest rates are 4.50% per year? (Round your answer to 2 decimal places.)
• Approximately how many years are needed to double a $100 investment when interest rates are 9.25% per year? (Round the answer to 2 decimal places.)
• How long will it take to double your savings if you earn 6.4 percent interest, compounded annually? 11.89 years 12.02 years 11.39 years 11.17 years 10.58 years
• How long (in years) would $600 have to be invested at 11.3%, compounded continuously, to earn $400 interest?
• How long does it take for an account containing $8000 to be worth $15,000 if the money is invested at 9% compounded monthly?
• How long will it take for 2000 dollars to increase by a factor of two, if interest is compounded continuously?
• Approximately how many years are needed to double a $100 investment when interest rates are 7.25 percent per year? (Round your answer to 2 decimal places.)
• If you invest $17,009 today at an interest rate of 9.84%, compounded daily, how much money will you have in your savings account in 6 years? Round the answer to two decimal places
• At 7.2% 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.) At 7.2% interest, how long does it take
• Suppose you deposit money in an investment account that pays 7% annual interest compounded continuously. About how many years will it take for your initial deposit to double?
• To what amount will the following investment accumulate? $27,223, invested today for 12 years at 16.78%, compounded monthly. Round the answer to two decimal places.
• How long will it take for an investment to triple if interest is compounded continuously at 3.33%?
• How long will it take for an investment to triple, if interest is compounded continuously at 4.45%?
• How long will it take for an investment to triple if interest is compounded continuously at 5%?
• How long will it take money to triple if it is invested at 6.65% compounded monthly?
• How long does it take to double an investment of $7,000, if the investment pays only simple interest at the rate of 10% per year?
• How long does it take to double an investment of $14,000 if the investment pays only simple interest at the rate of 12% per year?
• How long would it take to double your money if you invest it at 4% compound interest? Show your complete solution.
• To what amount will the following investment accumulate? $11,735, invested today for 34 years at 6.37 percent, compounded monthly. Round the answer to two decimal places.
• How many years will it take an investment to quadruple if the interest rate is 8.75% compounded continuously?
• How long would it take for a sum of money to double itself at 12% simple interest rate?