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:

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

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.

By **An Do**

Published **November 18, 2017**

Category **Investment**