# An investment

How long will it take for an investment to double at a simple interest rate of 5.10% per annum?

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 answer:

Tips for 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 a 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 a 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:

#### Units of physical quantities:

#### Grade of the word problem:

## Related math problems and questions:

- Interest 9791

From € 800 for six months at an interest rate of 7.5% per annum; and - simple interest b - compound interest - Repay, interest, loan

Ramchacha takes a loan amount of 240000 from a bank for constructing a house at a simple interest rate of 12% per annum. After one year of taking the loan, he rents the house at the rate of 5200 per month. Determine the number of years he would take to re - Interest 81982

The bank offers interest on the deposit of 4 percent per annum. In how many years will the deposit double? - Double of principal

How long will it take for the principal to double at 12.25% annual interest? - Installment 38011

We borrowed CZK 150,000 at a monthly interest rate of 2%. At the end of each month, interest is added, and we immediately pay an installment of CZK 30,000. How much will we owe in 5 months? - You take

You take out Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years? - The balance 2

If your balance at the end of 4 years is 50000, at a 5% interest rate, What was your original investment? - 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 ten years and $3000 per month for the next 15 years? Assume that the payment represents a rate of return to the person receiving t - Monica

Monica left Php.900 to Bianca. When Monica asked for it after six months, Bianca decided to give Php.945 instead because she could use the money. What was the interest rate on Monica's money used by Bianca? - Borrowed 82069

You borrowed €2000 for 3 months. What amount must you pay back if the lender charges a 15% interest rate per annum? - Investment

If an investor invests $2000 on January 1st, every year guarantees him 4% per annum. If the interest is calculated on December 31st, how much will the account be at the end of the 10th year? - Years 3

How long will it take for a given sum of money to triple itself at 20% annual compound interest? - Percentage 42121

Tomáš took out a loan to buy a washing machine. In the following 12 months, according to the contract, he had to repay the amount of 150 euros. The price of the washing machine is 1200 euros. What percentage is the annual interest rate? Write in the form - Interest 71474

I will deposit CZK 1,500 into my savings account every month. After ten years, what will be in the account if the interest rate is 4%, the interest period is one month, and the interest tax is 15%? - 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? - Investment 2

Jack invested $5000 in a 5-month term deposit at 4.7% pa. At the end of the five months, Jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% pa. What is the maturity value at the end of the second term deposit? - A loan

A loan of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?