The Number of Years T It Takes for an Investment $t = \frac { \ln 2 } { \ln ( 1 + r ) }$

question 85

Multiple Choice

The number of years t it takes for an investment to double if it earns r percent (as a decimal) , compounded annually, $t = \frac { \ln 2 } { \ln ( 1 + r ) }$ . How long will it take for prices in the economy to double at a 13% annual inflation
Rate? Round to the nearest year.

• A) 23 yr
• B) 5 yr
• C) 6 yr
• D) 9 yr

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Definitions:

Lactose Intolerance

A condition where the body lacks the enzyme lactase, leading to difficulties in digesting lactose, a sugar found in milk and dairy products.

Dairy Products

Foods or beverages that are produced from the milk of mammals, such as cheese, yogurt, and milk.

Milk Sugars

Primarily refers to lactose, which is a disaccharide sugar found in milk and dairy products and requires the enzyme lactase for digestion.

Correlational Studies

Research methods that examine the relationship between two variables without necessarily establishing a cause-and-effect relationship.