You have 5,000 which you need to double in the next 10 years. What would the rate of interest be

Name: You have 5,000 which you need to double in the next 10 years. What would the rate of interest be so that your5,000 nest egg will double in 10 years?
Uploaded: 2023-06-21T13:16:02-08:00
Duration: 1 min 30 s
Channel: Adi S
Description: You have 5,000 which you need to double in the next 10 years. What would the rate of interest be so that your5,000 nest egg will double in 10 years?

Question

Maitreya E · Accepted Answer

1. We want to find the interest rate that will double the initial investment of $5,000 in 10 yea

Question

You have $5,000 which you need to double in the next 10 years. What would the rate of interest be so that your $5,000 nest egg will double in 10 years?

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