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BlueSky06
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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Answer:

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

A.  

5 percent

B.  

6 percent

C.  

4 percent

D.  

12 percent

Explanation:

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