Gasoline prices are rising at a rate of 0.4​% per month. What is their doubling​ time? By what factor will prices increase in 2 years​? in 8 ​years?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 28T: The half-life of radioactive actinium ( 227AC ) is 21.77 years. What percent of a present amount of...
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Gasoline prices are rising at a rate of

0.4​%

per month. What is their doubling​ time? By what factor will prices increase in

2
years​?

in

8

​years?

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