Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

If your grandmother gave you her wedding ring, it was appraised at $1,200, and the annual inflation rate was 6 percent, how many years would it be before it was worth $2,400?

Sagot :

Answer: about 12 years

Step-by-step explanation: If your grandmother gave you her wedding ring, which was appraised at $1,200 and it had an annual inflation rate of 6 percent; it would take about 12 years for the ring's worth to become $2,400.

Answer:

about 11-12 years before it was worth $2400