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Mathematics, 21.05.2021 06:10 eviemal120

Use the approximate doubling time formula​ (rule of​ 70) for the case described below. Discuss whether the formula is valid for the case described. Gasoline prices are rising at a rate of
0.9
0.9​% per month. What is their doubling​ time? By what factor will prices increase in
2
2 year
s
s​? in
5
5 ​years?
What is its doubling​ time?

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