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)![]() ![]() ![]() You can put this solution on YOUR website! That seems good, depending on what source you use for natural logarithms.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "y, value for price after time t in months; \n" ); document.write( "p, initial value when t is 0 months;\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Finding time to double the price: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Eight years is \n" ); document.write( "y after 96 months, \n" ); document.write( " \n" ); document.write( " |