Ask a New Question
Menu

How long will it take for prices to double if inflation rate is 6% per annum for the next 15 years

1 answer

2 = (1 + .06)^t

log(2) = t log(1.06)

t = [log(2)] / [log(1.06)]
Similar Questions
    1. answers icon 3 answers
  2. Inflation Primarily differs from deflation in that1 Inflation tracks changing prices but deflation does not 2 inflation relates
    1. answers icon 5 answers
  3. How does inflation primarily differ from deflation?A. Inflation tracks changing prices but deflation does not. B. Inflation
    1. answers icon 5 answers
  4. how does inflation primarily differ from deflation?a. inflation tracks changing prices but deflation does not b. inflation
    1. answers icon 1 answer
more similar questions