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Doubling Your Money (Interest)

Total questions: 26

Worksheet time: 7hrs 30mins

Name
Class
Date
1.

When you are finding out how long money takes to double with simple interest, you divide ____________ by the interest rate number.

a)

100

b)

72

2.

When you are finding out how long money takes to double with compound interest, you divide ____________ by the interest rate number.

a)

100

b)

72

3.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


5%

(a)  

4.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


25%

(a)  

5.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


2%

(a)  

6.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


50%

(a)  

7.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


15%

(a)  

8.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


12%

(a)  

9.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


10%

(a)  

10.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


4%

(a)  

11.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


1%

(a)  

12.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


40%

(a)  

13.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


8%

(a)  

14.

Find the number of years necessary for an investment to double at the simple interest rate below (round to the nearest tenth of a year if needed):


11%

(a)  

15.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


5%

(a)  

16.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


25%

(a)  

17.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


2%

(a)  

18.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


50%

(a)  

19.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


15%

(a)  

20.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


12%

(a)  

21.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


10%

(a)  

22.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


4%

(a)  

23.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


1%

(a)  

24.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


40%

(a)  

25.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


8%

(a)  

26.

Find the number of years necessary for an investment to double at the annual compound interest rate below (round to the nearest tenth of a year if needed):


11%

(a)