Ask a New Question

Question

The inflation rate in the united states in 2014 was about 1.3%. If prices go up by 1.3% per year, how long will it take for them to double? assume that prices are increasing continuously.
10 years ago

Answers

Steve
(1+0.013)^n = 2
n = log2/log1.013
...
10 years ago

Related Questions

What is the rate of inflation of an item with a Consumer Price Index of 246.8 in 1991 and 362.4 in 1... What is the unite rate of 1 slice of beaf party What is the rate of inflation in the country? A. 2% B. 4% C. 6% D. 8% If the inflation rate in New Zealand were to rise relative to the inflation rate in Russia, which of... If the inflation rate in New Zealand were to rise relative to the inflation rate in Russia Australia... Why should the inflation rate not be maintained at zero? If the rate of inflation is 3.7% per year, the furture price p (t) (in dollars) of a certain item ca... If the inflation rate in New Zealand were to rise relative to the inflation rate in Russia Australia...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use