When Money Doubles At Interest
Description
This section is from the book "Hill's Manual Of Social And Business Forms: A Guide To Correct Writing", by Thos. E. Hill. Also available from Amazon: Hill's Manual Of Social And Business Forms: The How-To-Do-Everything Book Of Victorian America.
When Money Doubles At Interest
Rate per cent. | Common Interest. | Compound Interest. |
2....... | 50 years.............. | 35 years....... 1 day. |
3.... | 33 1/3 years.............. | 23 years.... .164 days |
4..... | 25 years .............. | .17 years. ....246 days |
5..... | 20 years .............. | 15 years..... .75 days |
6........ | 16 2/3 years .............. | 14 years.....327 days |
7........ | 14 years 104 days....... | 10 years..... .89 days |
8..... | 12 1/2 years ............. | . 9 years.......2 days |
9..... | 11 years 40 days....... | . 8 years..... 16 days |
10....... | 10 years .............. | . 7 years..... 100 days |
$1 at Compound Interest
In 100 years would give the following:
1Per cent .............$2.75 | 12 per cent.......$84,675.00 |
3 per cent................19.25 | 15 per cent............. .1,174,405.00 |
6 per cent ............340.00 | 18 per cent............. 15,145,207.00 |
10 per cent.........13,809.00 | 24 per cent...........2,551,799,404.00 |
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