Doubling Time Growth Formula
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SOLVED: Use the approximate doubling time formula (rule of 70) for thecase below.Discuss whether the formula is valid?Gasoline prices are rising at a rate of 0.4% per month.What is there doubling time?By what factor will prices increase in 2 years? (type an integeror decimal rounded to the nearest hundredth)By what factor will prices increase in 9 years?
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