Question: Use the approximate doubling time formula for the case described below. Discuss whether the formula is valid for the case described. Gasoline prices are

Use the approximate doubling time formula for the case described below. Discuss whether the formula is valid for the case described. Gasoline prices are rising at a rate of 0.7% per month. What is their doubling time? By what factor will prices increase in 2 years? in 7 years? Use the approximate doubling time formula. What is its doubling time? months (Type an integer or decimal rounded to the nearest hundredth as needed.)

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