Oil consumption is increasing at a rate of 0.8​%per year. What is its doubling​ time? By what factor will oil consumption increase in 2 decades​?   What is its doubling​ time? ​(Type an integer or decimal rounded to two decimal places as​ needed.)   By what factor will oil consumption increase in 2 decades​? ​(Type an integer or decimal rounded to three decimal places as​ needed.)   Is this formula valid in the case​ described?   ​No, the given growth rate is below​ 15%   ​Yes, the given growth rate is below​ 15%   ​No, the given growth rate is above​ 15%   ​Yes, the given growth rate is above​ 15%

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