Question

At what rate of interest will a sum of money double itself in 5 years?


If you don't know don't give irrelevant answer.​

Answer 1

Answer:

50% if am correct mark me brainliest

Answer 2

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around 14.4% per year

Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.