how much time will it take to quadruple your money in an average market conditions etc

Question

Accepted Answer

It will take approximately 18 years to quadruple your money in average market conditions with an annual return of 7%.

The rule of 72 can be used to estimate how long it will take to double your money. Divide 72 by the annual return percentage to get the number of years.
To quadruple your money, you would need to double it twice. Therefore, if the annual return is 7%, it would take around 18 years to quadruple your money.
For example, if you invest $10,000 in the stock market with an average annual return of 7%, it would grow to $20,000 in approximately 9 years, and then to $40,000 in another 9 years, totaling 18 years to quadruple.
It's important to note that market conditions can vary and impact the actual time it takes to quadruple your money.

Top Futures First info Services Market Analyst 2 interview questions & answers