How many years will the investment to double value at 5% simple interest?
How many years will the investment to double value at 5% simple interest?
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Answer by khoa
If by simple interest you mean 5% on only the principle annually I believe that'd be 20 years.
For example, on a principle of $ 100 and interest of 5%, It'd take 20 years to earn $ 100 in just interest.
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2013-05-16 Russell Investments Center
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2013-05-16 Russell Investments Center
Orignal From: How many years will the investment to double value at 5% simple interest? and 2013-05-16 Russell Investments Center
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