Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance (https://www.askmehelpdesk.com/forumdisplay.php?f=125)
-   -   How long will it take to double your money (https://www.askmehelpdesk.com/showthread.php?t=170653)

  • Jan 9, 2008, 03:25 PM
    Haley4Ben3Mom
    How long will it take to double your money
    If you deposit money today into an account that pays 6.5 perecent interest, how long will it take you to double your money?
  • Jan 9, 2008, 03:41 PM
    ScottGem
    This is the rule of 72. Divide 72 by the interest rate (6.5) and you get a little over 11 years.

  • All times are GMT -7. The time now is 10:09 AM.