It cost you $85 to gas up your car this month. But last month it cost you $50. This is inflation
Answer:
Changing Careers
Explanation:
My best guess would be that the reason their values and interests may have changed is either due to going back to school or changing careers. In both cases, your interests would of changed to fit what you chase but changing seems more plausible. Hope this helped and solved your question!
Answer: 9.20
Explanation:
In finance there is a rule for calculating this called 'The Rule of 70'.
With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.
In this scenario, the investment is your salary and the growth rate is 7.61% pee year.
The amount of time it will take to double is therefore,
= 70 / 7.61
= 9.19842312746
= 9.20 years.
It will take 9.20 years to double.
