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Suppose you invest $100 at a compound interest rate of 10%. The rule of 72 tells you that your money will double every seven years, approximately: If you graph these points, you start to see the familiar compound interest curve:
How long does it take for an investment to triple in value if it is invested at 6% compounded monthly? How kong does it take an investment to double in its value if invested at 7% compounded monthly?How long will it take an investment to double in value if the interest rate is 10% compounded continuously?ow long does it take for an investment to double in value if its invested at 16% Compounded monthly? And how much if CONTINUOUSLY? how many years for monthly? how many years for continuously? If you can teach me how to understand this, that would be great.