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Solve. -How Long Will It Take for Prices in the Economy

Question 91

Multiple Choice

Solve.
-How long will it take for prices in the economy to double at a 4% annual inflation rate? Use the exponential growth model Solve. -How long will it take for prices in the economy to double at a 4% annual inflation rate? Use the exponential growth model (Round to the nearest year.) A) 14 yr B) 23 yr C) 18 yr D) 28 yr (Round to the nearest year.)


A) 14 yr
B) 23 yr
C) 18 yr
D) 28 yr

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