**Question 580** price gains and returns over time, time calculation, effective rate

How many years will it take for an asset's price to **quadruple** (be four times as big, say from $1 to $4) if the price grows by **15**% pa?

Scores | |

keithphw | $5,721.61 |

Visitor | $980.00 |

Gisele | $936.78 |

aurora | $629.43 |

Visitor | $464.00 |

Visitor | $460.00 |

Visitor | $410.00 |

Visitor | $400.00 |

Visitor | $390.00 |

Visitor | $310.00 |

Visitor | $250.00 |

Visitor | $247.00 |

Visitor | $220.00 |

Visitor | $220.00 |

lukeh | $199.09 |

Visitor | $190.00 |

Visitor | $190.00 |

Visitor | $170.00 |

Visitor | $170.00 |

Visitor | $160.00 |

**Question 580** price gains and returns over time, time calculation, effective rate

How many years will it take for an asset's price to **quadruple** (be four times as big, say from $1 to $4) if the price grows by **15**% pa?

Copyright © 2014 Keith Woodward