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Thread: find x % needed to double value in 5 years?

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  1. Oct 27th, 2004, 10:33 PM #1
    Dillinger4
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    Resolved find x % needed to double value in 5 years?

    A 100 percent increase over five years is a compound annual growth rate of approximately 15 percent a year. How would i find the percent needed? (10 * 1.15)5 = 20 is correct but how do i get the %? Thanks.
    Last edited by Dilenger4; Oct 30th, 2004 at 07:24 AM.
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