Doubling Time Formula:
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Doubling time is the period of time required for a quantity to double in size or value at a constant growth rate. It's commonly used in finance, biology, population studies, and other fields where exponential growth occurs.
The calculator uses the doubling time formula:
Where:
Explanation: The formula shows that doubling time is inversely proportional to the growth rate. Higher growth rates result in shorter doubling times.
Examples: Calculating how long it takes for investments to double, bacterial populations to double, or cities to double in size based on growth rates.
Tips: Enter the growth rate as a decimal (e.g., 0.05 for 5% growth). The growth rate must be positive. The result will be in the same time units as your growth rate.
Q1: What's the relationship between growth rate and doubling time?
A: They are inversely related - higher growth rates mean shorter doubling times.
Q2: Can this be used for percentage growth rates?
A: Yes, but convert percentages to decimals (e.g., 5% = 0.05).
Q3: What's the Rule of 70?
A: A quick approximation: doubling time ≈ 70 divided by the percentage growth rate.
Q4: Does this work for negative growth rates?
A: No, the formula only works for positive growth rates.
Q5: How accurate is this calculation?
A: It's mathematically exact for continuous exponential growth.