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How long will it take to double 4,000.00 at 7% interest rate?

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How long will it take to double 4,000.00 at 7% interest rate?

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  2. sorry, I made  a mistake. actually just over ten years.  rule of 72.    check out this link.  http://en.wikipedia.org/wiki/Rule_of_70

  3. I am assuming you mean compounded annually.

    Got a calculator?

    Multiply 4000 x 1.07. Keep multiplying the total by 1.07 until you have surpassed 8000.

    That is how many years it would take.
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