The following table shows the approximate
daily rates of inflation from some of the worst
hyperinflation episodes in history:
A simple way of calculating the approximate
amount of time it will take prices to double is
to divide 70 by the growth rate; this is called the
Rule of 70. For each of the hyperinflations shown
in the table, calculate the amount of time it would
take for prices to double. [Hint: Because these are
daily rates, in some cases, prices will double in a
matter of hours.]