document.write( "Question 1148450: If the inflation rate is 4.1% compounded annually, how long will it take for prices to double?
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Algebra.Com's Answer #769802 by ankor@dixie-net.com(22740)\"\" \"About 
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If the inflation rate is 4.1% compounded annually, how long will it take for prices to double?
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\n" ); document.write( "Let t = no. of years for prices to double
\n" ); document.write( "A simple equation:
\n" ); document.write( "\"1%2A1.041%5Et+=+2\"
\n" ); document.write( "Using natural logs
\n" ); document.write( "t*ln(1.041) = ln(2)
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\n" ); document.write( "t = \"ln%282%29%2Fln%281.041%29\"
\n" ); document.write( "t = 17.25 ~ 18 yrs to double
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