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How long does it take for your money to grow 10 times

Let us see how long does it take for 1 Re to become 10 Rs at different rate of return.

Years 8% 9% 10% 12% 14% 16% 20% 24% 30% 36%
                     
0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0
1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.4
2 1.2 1.2 1.2 1.3 1.3 1.3 1.4 1.5 1.7 1.8
3 1.3 1.3 1.3 1.4 1.5 1.6 1.7 1.9 2.2 2.5
4 1.4 1.4 1.5 1.6 1.7 1.8 2.1 2.4 2.9 3.4
5 1.5 1.5 1.6 1.8 1.9 2.1 2.5 2.9 3.7 4.7
6 1.6 1.7 1.8 2.0 2.2 2.4 3.0 3.6 4.8 6.3
7 1.7 1.8 1.9 2.2 2.5 2.8 3.6 4.5 6.3 8.6
8 1.9 2.0 2.1 2.5 2.9 3.3 4.3 5.6 8.2 11.7
9 2.0 2.2 2.4 2.8 3.3 3.8 5.2 6.9 10.6 15.9
10 2.2 2.4 2.6 3.1 3.7 4.4 6.2 8.6 13.8 21.6
11 2.3 2.6 2.9 3.5 4.2 5.1 7.4 10.7 17.9 29.4
12 2.5 2.8 3.1 3.9 4.8 5.9 8.9 13.2 23.3 40.0
13 2.7 3.1 3.5 4.4 5.5 6.9 10.7 16.4 30.3 54.5
14 2.9 3.3 3.8 4.9 6.3 8.0 12.8 20.3 39.4 74.1
15 3.2 3.6 4.2 5.5 7.1 9.3 15.4 25.2 51.2 100.7
16 3.4 4.0 4.6 6.1 8.1 10.7 18.5 31.2 66.5 137.0
17 3.7 4.3 5.1 6.9 9.3 12.5 22.2 38.7 86.5 186.3
18 4.0 4.7 5.6 7.7 10.6 14.5 26.6 48.0 112.5 253.3
19 4.3 5.1 6.1 8.6 12.1 16.8 31.9 59.6 146.2 344.5
20 4.7 5.6 6.7 9.6 13.7 19.5 38.3 73.9 190.0 468.6
21 5.0 6.1 7.4 10.8 15.7 22.6 46.0 91.6 247.1 637.3
22 5.4 6.7 8.1 12.1 17.9 26.2 55.2 113.6 321.2 866.7
23 5.9 7.3 9.0 13.6 20.4 30.4 66.2 140.8 417.5 1178.7
24 6.3 7.9 9.8 15.2 23.2 35.2 79.5 174.6 542.8 1603.0
25 6.8 8.6 10.8 17.0 26.5 40.9 95.4 216.5 705.6 2180.1
26 7.4 9.4 11.9 19.0 30.2 47.4 114.5 268.5 917.3 2964.9
27 8.0 10.2 13.1 21.3 34.4 55.0 137.4 333.0 1192.5 4032.3
28 8.6 11.2 14.4 23.9 39.2 63.8 164.8 412.9 1550.3 5483.9
29 9.3 12.2 15.9 26.7 44.7 74.0 197.8 512.0 2015.4 7458.1
30 10.1 13.3 17.4 30.0 51.0 85.8 237.4 634.8 2620.0 2620.0
Remarks : Calculated for One time investment.
                  All Figures rounded off to first decimal.



As seen in the above chart, for your money to grow 10 times,

@8% per annum it takes 30 years.
@10% per annum it takes 25 years.
@16% per annum it takes 16 years.
@36% per annum it takes 8 years.

Financial Learning is the master key to reduce hard work and add life to your years.

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