Doubling Time Calculator is used to calculate the period of time required for an investment to double in size or value
- Doubling Time:
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- 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.
- Formula
Td = log(2) / log(1 + r)
Where:-
- Td = doubling time
- r = a constant growth rate
- Example
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.
History
- May 20, 2018
- Tool Launched
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