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Finding time needed to double/quadruple an amount

At 12 percent interest, it would take what number of years to double your money, and what number of years to quadruple it. (Round your answer to 2 decimal places, e.g. 32.16.)

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We know that
FV = PV*(1+r/100)^n
Where FV is future value of cash flow
PV = Present Value of cash flow
r = rate of return per ...

Solution Summary

Solution describes the steps/formulas to find out time needed to double or quadruple your money at a given rate of interest.