Question: * mathxl com Spring17 MAT 143-40 e {'Homework:Section 8.B Homework * e . Score: 0.67 of1 pt 8.B.37 i t Use the approximate doubling time

* mathxl com Spring17 MAT 143-40 e {'Homework:Section 8.B Homework * e . Score: 0.67 of1 pt 8.B.37 i t Use the approximate doubling time formula (rule of 70) for the case described below. Discuss whether the formula is valid for the case deaorihud. 4 8 of 16 (12 complete) 7 b An economic indicator is increasing at the rate of 6% per year. What is its doubling time? By what factor will the indicator increase in 3 years? L What is its doubling time? xp Al N] years (Type an integer or decimal rounded to the nearest tenth as needed.) By what factor will the indicator increase in 3 years? 'tk D (Type an integer or decimal rounded to the nearest hundredth as needed.)

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