Question: Solve the problem. Round interest to the nearest percent and time to the nearest period. If the average annual inflation rate is 5%, how long

Solve the problem. Round interest to the nearest percent and time to the nearest period.

If the average annual inflation rate is 5%, how long would it take to the nearest year for the general level of prices in the economy to double?

a)23 years

b) 28 year

c)15 years

d)14 years

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