SOLUTION: Solve. How long will it take for prices in the economy to double at a 7% annual inflation rate? Use the exponential growth model P(t) = P0ekt.(Round to the nearest year.)

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Solve. How long will it take for prices in the economy to double at a 7% annual inflation rate? Use the exponential growth model P(t) = P0ekt.(Round to the nearest year.)       Log On


   

Question 301446: Solve.
How long will it take for prices in the economy to double at a 7% annual inflation rate? Use the exponential growth model P(t) = P0ekt.(Round to the nearest year.)
10 yr
17 yr
16 yr
9 yr
Please help, I'm stuck, Thanks
Answer by JBarnum(2146) About Me  (Show Source):
You can put this solution on YOUR website!
wouldnt we need to know how much the prices of economy were to find out when they will double...please include all information necessary to solve before posting. we do not know what table your looking at.