There was a recent news report by Bloomberg.com on 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 has grown at an average rate of 5.76% since 1995. How long will it take to double in size?
www.bloomberg.com/news/articles/2015-10-23/government-debt-in-france-and-italy-swells-to-euro-era-highs
Hint: Use the formula for doubling time.
A worked solution is in the references section.
