If Inflation Is Increasing at 3 Percent Per Year,and Your

Multiple Choice

If inflation is increasing at 3 percent per year,and your salary increases at the same rate,how long will it take your salary to double?

A) 30 years
B) 24 years
C) 18 years
D) 12 years
E) 6 years Rule of 72: 72/3 = 24