Mathematics, 21.05.2021 06:10 eviemal120

Use the approximate doubling time formula (rule of 70) for the case described below. Discuss whether the formula is valid for the case described. Gasoline prices are rising at a rate of
0.9
0.9% per month. What is their doubling time? By what factor will prices increase in
2
2 year
s
s? in
5
5 years?
What is its doubling time?

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