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-   -   Lump sum to double-Interest (https://www.askmehelpdesk.com/showthread.php?t=54730)

  • Jan 14, 2007, 09:29 PM
    ivory5130
    Lump sum to double-Interest
    If you deposit money today into an account that pays 6.5 percent interest, how long does it take for your money to double?
  • May 5, 2007, 02:57 AM
    venugopalarao
    The doubling period can be calculated by applying the following rules:

    The rule 72

    doubling period=72/the interest rate.


    More accuracy can be achieved by applying the rule 69

    doubling period=0.35+69/intrest rate
  • Jan 31, 2012, 05:07 PM
    clguthrie
    How long will it take $300 to double if it earns 7% compounding annually?

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