document.write( "Question 979123: Gasoline prices are rising at a rate of 0.8% per month. What is their approximate doubling time. (I think I got this part = 87.5 months?) By what factor will prices increase in 1 year? If gasoline costs $2.25 per gallon today, what will the price be in 8 years, assuming no change in the trend. \n" ); document.write( "
Algebra.Com's Answer #600469 by josgarithmetic(39620)\"\" \"About 
You can put this solution on YOUR website!
That seems good, depending on what source you use for natural logarithms.\r
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\n" ); document.write( "\n" ); document.write( "\"y=p%2Ae%5E%280.008t%29\"
\n" ); document.write( "y, value for price after time t in months;
\n" ); document.write( "p, initial value when t is 0 months;\r
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\n" ); document.write( "\n" ); document.write( "Finding time to double the price:
\n" ); document.write( "\"2=1%2Ae%5E%280.008t%29\"
\n" ); document.write( "\"ln%282%29=0.008t\"
\n" ); document.write( "\"t=ln%282%29%2F0.008\"
\n" ); document.write( "\"highlight%28t=86.64%29\" but you might say 86.6 months.\r
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\n" ); document.write( "\n" ); document.write( "Eight years is \"8%2A12=96%2Amonths\".
\n" ); document.write( "y after 96 months,
\n" ); document.write( "\"y=2.25%2Ae%5E%280.008%2A96%29\"
\n" ); document.write( "\"highlight%28y=4.85%29\"
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