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

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 **An Do**

Published **November 20, 2017**

Category **Investment**

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

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 **An Do**

Published **November 20, 2017**

Category **Investment**