Verified Answer :

matt100030789

is should only take 18 years

Answer:

eighteen years

Explanation:

Given that

Inflation rate = 4%

For computing the how much time is required for prices to double we apply the rule for 72 that means the 72 is divided by the inflation rate so that the time period could come

In mathematically

Number of years is

= 72 ÷ 4%

= 18 years

Hence, in the eighteen years, the price is double

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