- Doubling Time:
- What does Doubling Time mean?
- Doubling time is the period of time it takes for a value to double itself at a consistent rate of growth. This term is applied to any value that increases at a consistent rate.
Td = log(2) / log(1 + r)
- Td = doubling time
- r = a constant growth rate
Mr. Jacques earns 6% per year, compounded monthly. His monthly rate will be; r in the doubling time formula would be .005 (.06/12).
According to the formula,
Mr. Jacques would double his money within 138.98 months, or 11.58 years.
- May 20, 2018
- Tool Launched