it is a geometric situation and the formula is the following

so after 6 hours we get
Answer: Yes
Step-by-step explanation:
A: 12 minutesAnswer to B: 36 minutesAnswer to C:
FUTURE VALUE = PRESENT VALUE * (1 + r)^t
PV = 220,000
r = 3%
t = 7 years
FV = 220,000 * (1 + 3%)^7
FV = 220,000 * (1.03)^7
FV = 220,000 * 1.22987386542487
FV = 270,572.25