Find the time to double your investment at 6%

More Questions from Compound Interest

• The periodic interest rate corresponding to: 9.75% compounded semiannually
• Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?
• Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?
• The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?
• If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is
• At what rate of compound interest per annum will a sum of Rs 20000 become Rs 25088 in 2 years?
• In what time(in years) will Rs. 8000 amount to Rs. 9261 at 5% per annum, compounded annually?
• The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is
• A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum
• What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?

Discussion & Comments