If your grandmother gave you her wedding ring, it was appraised at $1,200, and the annual inflation rate was 6 percent, how many years would it be before it was worth $2,400?

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asked Oct 26, 2023 169k views

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Chinh Phan · Answer 1 · 2023-10-30T19:30:35+0000

Answer: about 12 years

Step-by-step explanation: If your grandmother gave you her wedding ring, which was appraised at $1,200 and it had an annual inflation rate of 6 percent; it would take about 12 years for the ring's worth to become $2,400.

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If your grandmother gave you her wedding ring, it was appraised at $1,200, and the annual inflation rate was 6 percent, how many years would it be before it was worth $2,400?

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