how long to double money
This is the number of years it will take for your money to double. For example, if your money is earning an 8 percent interest rate, youâll double your money in 9 years (72 divided by 8 equals 9). If your money is earning a 5 percent interest rate, youâll double it in 14.4 years (72 divided by 5 equals 14.4). If your money is earning a measly 1 percent interest rate, it will take you â yep, you guessed it â a whopping 72 years to double it.