Double My Money - With Simple Interest

Interest Rate (%)
0

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
Double My Money - With Simple Interest
Simple Interest is money you earn on deposits, vs Compound Interest which is money earned on deposits and accumulated interest from previous investing periods.
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Category Investment

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Double My Money - With Simple Interest

Double My Money - With Simple Interest

Interest Rate (%)
0

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
Double My Money - With Simple Interest
Simple Interest is money you earn on deposits, vs Compound Interest which is money earned on deposits and accumulated interest from previous investing periods.
By
Published
Category Investment

Like this calculator? Share it with your friends!