## What interest rate would double your money in 10 years

84X-table-10 The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually. When you find a factor close to 2.000, look at the interest rate at the top of the  A good estimate for how long it takes to double your money. Commonly, periods are years so R is the interest rate per year and t is the number of years. average and makes this formula most accurate for interest rates from 6% to 10%.

## After one year, you would earn \$10 of interest (\$100 * 10%) and still have the of time it will take to double your money, with a given compounding interest rate,

### 5 Nov 2018 Compound interest can help you grow your money, but it can also Find out how to estimate the rate of doubling using the Rule of 72, Year, Amount at the start of the year, Interest earned in the year You might also like.

After one year, you would earn \$10 of interest (\$100 * 10%) and still have the of time it will take to double your money, with a given compounding interest rate,   Initial balance - the amount of money you are going to invest. You invest \$10,000 for 10 years at the annual interest rate of 5%. Don't worry if you just want to find the time in which the given interest rate would double your investment, just