Approximately, what interest rate would you need to earn in order to turn $2,500 into $5,000 over 6 years?

Name: Approximately, what interest rate would you need to earn in order to turn $2,500 into $5,000 over 6 years?
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To double $2,500 to $5,000 in 6 years, you can use the Rule of 72, which estimates the number of years required to double an investment at a given annual rate of return by dividing 72 by the interest rate. Solving for the interest rate: 72 / 6 years = 12%.

Approximately, What Interest Rate Would You Need to Earn in Order