# N Times Money Calculator

How long will it take for an amount to become N times of itself at different annual rates of return.

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**## How N Times Money Calculator Works :

**Example 1:**

How long does it take for your money to grow 10 times its original value if the rate of interest is 5% per annum.

**Solution :**

Since interest is paid only once a year, then the equation we must solve is (1.05)^{x}=10.

i.e, at the end of each year our balance grows by a factor of 1.05

So, next is how many times we have to multiply by 1.05 to get 10.

The answer is x = 47.19 = 47 years

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