How much interest rate will it take to double your money in 9 years?

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2026-03-07 06:25

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To determine the interest rate required to double your money in 9 years, you can use the Rule of 72, which suggests dividing 72 by the desired number of years. In this case, 72 divided by 9 equals 8, indicating that an approximate annual interest rate of 8% would be needed to double your investment in that time frame.

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