Question

In what time a sum of money double itself at 15% per annum? ​

Answer 1

Answer:

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Answer 2

Answer:

Originally Answered: In how much time will a sum of money become double of itself at 15% per annum? Use the “Rule of 72” as a way to determine when a sum of money will double. What you do is, divide your assumed interest rate into 72. In your example, 72/15 = 4.8 years.