Half interest rate, You have $50 to invest. If you can earn 10% interest, about how long , Finance Basics

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Half interest rate

You have $50 to invest. If you can earn 10% interest, about how long does it take for your $50 investment to double? Assume that the interest rate is just half that, at 5%. At half interest rate, does it take twice as long to double your money? Why or why not? How long does it take?

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Finance Basics: Half interest rate

Reference No:- TGS0875719

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Recent Questions Asked Finance Basics

Q : Interest on funds in margin account

Q : Rate of return on the fund

Q : Day rate of return on the index

Q : Latest quarterly dividend

Q : Half interest rate

Q : Changing compounding frequency

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Q : Financial statement of teng inc.

Q : Understanding of the strategic capacity management

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Ask an Expert for Answer!!

Finance Basics: Half interest rate

Reference No:- TGS0875719

Recent Questions Asked Finance Basics

Q : Interest on funds in margin account

Q : Rate of return on the fund

Q : Day rate of return on the index

Q : Latest quarterly dividend

Q : Half interest rate

Q : Changing compounding frequency

Q : Creating a retirement fund

Q : Financial statement of teng inc.

Q : Understanding of the strategic capacity management

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