Ask Question
19 June, 00:39

According to Rule of 72, what will be the rate of inflation if the price of a commodity doubles in 12 years?

+3
Answers (1)
  1. 19 June, 01:04
    0
    According to Rule of 72, an amount of investment equal to $5,000 with an investment interest with an average of 6 percent will only take 12 years to double the value. The price will be equal to $10,000 after 12 years.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “According to Rule of 72, what will be the rate of inflation if the price of a commodity doubles in 12 years? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers