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Lesson 43 · How long to double
Seventy-two, and the logarithm behind it
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Seventy-two, and the logarithm behind it

Doubling asks a different kind of question: not how much, but how long. The unknown moves into the exponent, and the only tool that reaches it is a logarithm. Set A/P=2A / P = 2 in the growth relation and solve: t=ln⁡(A/P)ln⁡(1+r)t = \dfrac{\ln(A/P)}{\ln(1 + r)} — t equals log of A over P, over log of one plus r, where AA is the final amount, PP the starting amount, rr the rate per period as a decimal, and tt the number of periods. Any log base works, as long as both logs use the same one.

The mental version is the rule of 72: n≈72Rn \approx \dfrac{72}{R}, where RR is the rate written as a percent — 6, not 0.06 — and nn is the number of periods to double. At 6% it says 12 years; the honest solve says 11.9. It is an approximation with a good excuse: ln⁡2=0.693\ln 2 = 0.693, and 69.3 is a miserable number to divide by, while 72 divides cleanly by 2, 3, 4, 6, 8, 9 and 12. The rounding error runs the right way for the rates people actually meet.

A third phrasing skips the rate entirely: N=N0⋅2t/TN = N_0 \cdot 2^{t/T}, where N0N_0 is the starting amount, TT is the doubling time, tt is the elapsed time in the same units, and NN is the amount at the end. The exponent t/Tt/T is nothing but a count of doublings.

in

n≈0.72in \approx \frac{0.72}{i}

  • nn= Periods to double
  • ii= Rate per period
Rule of 72 (Doubling Time) solver →
N0NTt

N=N0⋅2t/TN = N_0 \cdot 2^{t/T}

  • NN= Final amount
  • N0N_0= Initial amount
  • tt= Elapsed time (time)
  • TT= Doubling time (time)
Exponential Growth by Doubling Time solver →
yxa bx

x=ln⁡(y/a)ln⁡bx = \frac{\ln (y / a)}{\ln b}

  • xx= Unknown exponent
  • aa= Coefficient
  • bb= Base
  • yy= Result
Solve an Exponential Equation for the Exponent solver →