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+0 what rate of interest compounded annually is required to double an investment in 3 years?0 17932 2 what rate of interest compounded annually is required to double an investment in 3 years? Guest Apr 9, 2015 0 users composing answers..Best Answer#1 +5 We have 2A =A(1 + r)^3 divide both sides by A 2 = (1 + r)^3 take the log of both sides log 2 = log(1+ r)^3 and we can write log 2 =3log(1 + r) divide both sides by 3 (log2) /3 = log ( 1 + r) in exponential form, we have 10 ^[log2 ]/3 = 1 + r subtract 1 from both sides 10 ^[log2 ]/3 - 1 = r = about 25.9 % CPhill Apr 9, 2015 2+0 Answers#1 +5 Best Answer We have 2A =A(1 + r)^3 divide both sides by A 2 = (1 + r)^3 take the log of both sides log 2 = log(1+ r)^3 and we can write log 2 =3log(1 + r) divide both sides by 3 (log2) /3 = log ( 1 + r) in exponential form, we have 10 ^[log2 ]/3 = 1 + r subtract 1 from both sides 10 ^[log2 ]/3 - 1 = r = about 25.9 % CPhill Apr 9, 2015 #2 0 It can be solved more easily. According to rule 72, the rate needed to double the investment is 72 / 3 = 24 Guest Oct 30, 2016 30 Online UsersTop UsersSticky TopicsSome guidelines for question askers. What is Happening 5 Again a number puzzle. Multiply in writing. Loads of fun printable number and logic puzzles ¤¤¤¤Welcome To Web2.0calc¤¤¤¤ How to display latex properly Feature Questions 1 - Started 8th May 19 How to upload a picture. If a question is ticked that does not mean you cannot continue it. Should you consider anything before you answer a question? Geometry Thread PUZZLES LaTex Coding https://www.desmos.com/calculator/bsh9ex1zxj Historical post! What is happening? Wrap #4 Great Questions to Learn From 2 Great Answers to Learn From Reference Material Information for new people. What is the annual rate of interest compounded annually doubles an investment in 2 years?Hence, the answer is 41. 4%.
What rate of interest compounded annually is required to double investment in 3 years?Answer and Explanation:
The expression for the compound interest. Substitute the known values. Thus, the interest rate should be 41.42%.
How do you calculate compound interest after 2 years?Compound interest, or 'interest on interest', is calculated using the compound interest formula. The formula for compound interest is A = P(1 + r/n)^nt, where P is the principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
What rate of interest compounded annually is required to double an investment in 5 years?Calculator Use
For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72. The Rule of 72 is a simplified version of the more involved compound interest calculation.
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What rate of interest compounded annually is required to double an investment in 2 years
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