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1. What annual interest rate will cause your money to double in four years?

1. What annual interest rate will cause your money to double in four years?
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19 votes
1. What annual interest rate will cause your money to double in four years?

asked
User Ara Yaghsizian
by
8.5k points

1 Answer

10 votes

Answer:

The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually.

Explanation:

answered
User Desintegr
by
9.3k points
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