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

20 Jun 2019 For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In The Rule of 72 explains how to double your money, without accepting too 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. withdrew the money, you would have average returns of 8.52% per year. With simple interest, you'd need 10% per year for ten years to double your money . With annual compounding, you'd need annual return to double up in ten 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%. To double your money in 10 years, get an interest rate of 72/10 or 7.2%. If your country's GDP grows at 3% a year, the economy doubles in 72/3 or 24 years.

## 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,

8 Apr 2019 The basic formula for the Rule of 72, is 72 divided by the interest rate on an 10 20 0 20 40 60 80 Annual return (% per year) Number of years to double At 6% interest, your money takes 72/6 or 12 years to double. 17 Apr 2019 10% = 7.2 years, and so on… The examples above assume we know the expected rate of return. What if we don't know that the interest rate (or 6 Feb 2019 A thousand years later, even at a small interest rate, he ended up it had grown to a hefty $213,000 (or about 10 times the purchasing In comparison, simple interest would still theoretically double your money – eventually. 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. 27 Apr 2015 You likely can have twice as much wealth in 10 years, if you invest it in stocks, Stocks are one of many possible ways to invest your money. Beyond your emergency fund, why would you put money that you don't plan on how long an investment takes to double, given a fixed annual rate of interest. 30 Aug 2011 All you have to do is divide 72 by the interest rate. want to determine what interest rate you'd need to double your money in a given amount of time. would like to double it in the next 10 years without adding anything to it, 31 Mar 2016 Divide the number 72 by the annual rate of return you expect on an disasters in our lifetime, you would have doubled your money by now. Now let's see why it can take 10 years to double your money in At a two percent annual rate of inflation, assuming your cash is not earning any interest, your

### 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

### 30 Aug 2011 All you have to do is divide 72 by the interest rate. want to determine what interest rate you'd need to double your money in a given amount of time. would like to double it in the next 10 years without adding anything to it,

6 Feb 2019 A thousand years later, even at a small interest rate, he ended up it had grown to a hefty $213,000 (or about 10 times the purchasing In comparison, simple interest would still theoretically double your money – eventually. 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. 27 Apr 2015 You likely can have twice as much wealth in 10 years, if you invest it in stocks, Stocks are one of many possible ways to invest your money. Beyond your emergency fund, why would you put money that you don't plan on how long an investment takes to double, given a fixed annual rate of interest. 30 Aug 2011 All you have to do is divide 72 by the interest rate. want to determine what interest rate you'd need to double your money in a given amount of time. would like to double it in the next 10 years without adding anything to it, 31 Mar 2016 Divide the number 72 by the annual rate of return you expect on an disasters in our lifetime, you would have doubled your money by now. Now let's see why it can take 10 years to double your money in At a two percent annual rate of inflation, assuming your cash is not earning any interest, your 18 Dec 2017 We often have questions on the returns we would get on our investments. What does 8% a year actually mean in 10 years? Or what does doubling your money in 6 years mean in percent terms? of years needed to double your money at a particular interest rate, or the rate of return needed to double your 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,

## 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

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. 27 Apr 2015 You likely can have twice as much wealth in 10 years, if you invest it in stocks, Stocks are one of many possible ways to invest your money. Beyond your emergency fund, why would you put money that you don't plan on how long an investment takes to double, given a fixed annual rate of interest. 30 Aug 2011 All you have to do is divide 72 by the interest rate. want to determine what interest rate you'd need to double your money in a given amount of time. would like to double it in the next 10 years without adding anything to it,

How long will it take to double my savings? Compound interest can have a dramatic effect on the growth of a single deposit. By dividing 72 by your investment return you can determine the amount of time required for your money to be worth about twice as much as it is today. Determine how many years it takes to double your money at different rates of return. Double Money Calculator ; Annual Rate of Return (%): Number Years to Double Money : Related Calculators. Compound Interest Calculator. Triple Your Money Calculator. N Times Your Money Calculator. Target Nest Egg Calculator - Compute Investment Amount Needed to