A few days ago
How many years will it take $5,000 invested at 8% simple interest to double to $10,000. please answer!!!?
thanks
Top 4 Answers
A few days ago
Favorite Answer
9 years. then you have got 9995,0228$, but only if you reinvest your interest every year
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A few days ago
I know of an investment that can give a 80% return on your investment in less than 10 months. http://www.geocities.com/mikeerv/index.htm
Double in less than two years here.
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A few days ago
9 years. Divide your interest rate into 72, it will give you (roughly) how long it takes to double your money.
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A few days ago
1+.08n = 2, or .08n – 1, so n = 1/.08 = 12.5 years with SIMPLE interest.
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