How Long Does It Take To Double My Money?

Interest Rate
%

If you put money in a saving account that yields {{pc.InterestRate != null ? pc.InterestRate : 0}}% a year, compounded monthly, you will double your money in

{{pc.DoublingTime}}

Assuming there are no additional deposits, fees, withdrawals, or other interferences.

Let's take a look at the Doubling Time Formula:

T = log(2) / log (1 + r)

where r is the Interest Rate and T is the Doubling Time


Related Topics to Doubling Time

Doubling Time Calculator - Continuous Compounding Doubling Time Calculator - Simple Interest Rule of 72 and Rule of 70 Calculator
How Long Does It Take To Double My Money?
This calculator applies the Doubling Time Formula to calculate the length of time required to double an investment or money in an interest bearing fund account.
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