# An investment

How long will it take for an investment to double at a simple interest rate of 5.10% p. A. ?

Express the answer in years and months, rounded up to the next month.

Express the answer in years and months, rounded up to the next month.

**Correct result:****Showing 0 comments:**

Tips to related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Do you have a linear equation or system of equations and looking for its solution? Or do you have quadratic equation?

Do you want to convert time units like minutes to seconds?

Do you have a linear equation or system of equations and looking for its solution? Or do you have quadratic equation?

Do you want to convert time units like minutes to seconds?

#### You need to know the following knowledge to solve this word math problem:

## Next similar math problems:

- Repay, interest, loan

Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r - Investment

1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years? - Compound interest 3

After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019) - 3 years savings

Simple interest - Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK crowns will has total after 3 years? - You take

You take out Php 20 000 loan at 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after 10 years? - Simple interest 2

Find the simple interest if 13905 USD at 4.5% for 6 months. - When will I be a millionaire?

Barry monthly send 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months must Barry save to save 1000000 euros? Inflation, interest rate changes, or bank failures ignore. - Annual interest

A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Bank

Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%. - Investment 2

Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi - Compound interest 4

3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent? - Growth of wood

The annual growth of wood in the forest is estimated at 2%. In how many years will make the forest volume double? - Compound interest

Calculate time when deposit in the bank with interest 2.5% p.a. doubles. - Compound interest

Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years? - Savings

The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - Simple interest 3

Find the simple interest if 11928 USD at 2% for 10 weeks. - Retirement annuity

How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th