3p=p(1+0.06)^t
3=(1.06)^t
T=log(3)÷log(1.06)
T=18.9 years
You can easily find this answer by thinking 1.6-1.2 and since they both have 1 whole you just minus 6-2.
The answer is z=120 because you need to isolate z and to do that you must multiply each side by 12 and you end up with z=120
Hey there,
Your correct answer would be in the
attachment below.Hope this helps you!
~Jurgen