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Solution: How long will it take money to quadruple?

(Last Updated On: December 8, 2017)

How long will it take money to quadruple?

Problem Statement: CE Board May 1995

How long (in years) will it take money to quadruple if it earns 7% compounded semi-annually?

  • A. 20.15
  • B. 26.30
  • C. 33.15
  • D. 40.30

Problem Answer:

The money will be quadruple in 20.15 years if it earns 7% compounded semi-annually.

Solution:

Solution: How long will it take money to quadruple?

Latest Problem Solving in Engineering Economics (Simple & Compound Interest)

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