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Gasoline prices are rising at a rate of 0.5% per month. What is their doubling time? By what factor will prices increase in one year? In six years?

Gasoline prices are rising at a rate of 0.5% per month. What is their doubling time? By what factor will prices increase in one year? In six years?
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Gasoline prices are rising at a rate of 0.5% per month. What is their doubling time? By what factor will prices increase in one year? In six years?

asked
User Izkata
by
8.2k points

1 Answer

4 votes

Answer:

double: 1%

year6%

6 year: 36%

Explanation:

answered
User Red Orca
by
7.5k points
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