Solve the problem.
-Use the rule of 70 to estimate the years to double for an annual inflation rate of 6%.

Name: Solve the problem. -Use the rule of 70 to estimate the years to double for an annual inflation rate of 6%.
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Question

Quizplus · Accepted Answer

The rule of 70 is a way to estimate the number of years it will take for a quantity to double, given a fixed annual percentage increase. To use it, you divide 70 by the annual percentage increase. In this case, 70 divided by 6 equals approximately 11.67, which rounds to 12 years.

Solve the Problem. -Use the Rule of 70 to Estimate the Years to the Years