To calculate the Doubling Time:
\[ dt = \frac{\log(2)}{\log(1 + i)} \]
Where:
Doubling time is a term used to describe the number of periods or the total time it takes a value, usually a financial value, to double its value.
Let's assume the following value:
Step 1: Convert the increase rate from percentage to decimal:
\[ i = \frac{5}{100} = 0.05 \]
Step 2: Calculate the doubling time:
\[ dt = \frac{\log(2)}{\log(1 + 0.05)} \approx 14.21 \text{ periods} \]
