Asked by adedeji

How long will it take for prices to double if the rate of inflation is 25% per annum

Answers

Answered by Damon
1.25^n = 2

n log 1.25 = log 2

n = log 2/ log 1.25
3 years

Answered by Johnbull
How long will it take for prices to double if the rate of inflation is 25 percent per annum
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