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Thinking Complexity
In October 2015, Bloomberg.com published an alarming article about France’s growing debt entitled “Government Debt in France and Italy Swells to Euro-Era Highs”. France’s national debt at the end of 2015 was 2096.9 billion euros. It had grown at an average rate of 5.76% since 1995. Based on these numbers, how long will France’s national debt take to double in size?
Hint: Use the formula for doubling time.
A worked solution is in the references section.
72/6%= ~12 years