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16 June, 09:14

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

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  1. 16 June, 09:34
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    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.
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