document.write( "Question 1128161: If the inflation rate is 5.15% compounded annually, how long will it take for prices to double? \n" ); document.write( "

Algebra.Com's Answer #744642 by ikleyn(52864) $\"\"$ $\"About$

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document.write( "2 =  \r\n" );
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document.write( "2 = \r\n" );
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document.write( "log(2) = n*log(1.0515)\r\n" );
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document.write( "n =  = 13.8 years (approximately),  \r\n" );
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document.write( "    so the answer is that after 14 years the prices will be over than twice.\r\n" );
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