Solve the problem. Round interest to the nearest percent and time to the nearest period.If the average annual inflation rate is 5%, how long would it take to the nearest year for the general level of prices in the economy to double?
A. 15 years
B. 28 year
C. 23 years
D. 14 years
Answer: D
Mathematics
You might also like to view...
Use the formula for the sum of the first n terms of a geometric sequence to evaluate the sum.
A. - 
B. - 
C. 26,214
D. 
Mathematics
Find det A using the method of cofactors.A = 
A. -24 B. -124 C. 24 D. 324
Mathematics
Simplify the expression. Write the result using positive exponents only.
A. 
B. 
C. 
D. 
Mathematics
Add or subtract and simplify. 
+ 
A. 
B. 1
C. 
D. 
Mathematics