12 8 01:28:14 a. If the interest rate is 4.0% per year, approximately how long will it take for your money to quadruple in value? Note: Use the Rule of 72. Round your answer to 2 decimal places. Number of years 36.00 b. If the inflation rate is 3.0% per year, what will be the change in the purchasing power of your money over this period? Note: Use the Rule of 72 to compute the number of years. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Purchasing power increases by Show transcribed image Expert Ansv Surbhi Kapor 137 answers