The formula is
A=p (1+r)^t
A future value 6678
P present value 5300
R interest rate 0.065
T time?
6678=5300 (1+0.065)^t
6678/5300=(1+0.065)^t
Take the log for both sides
Log (6678/5300)=t×log (1+0.065)
Divide both sides by log (1+0.065)
T=(log(6,678÷5,300)÷log(1+0.065))
T=3.7 years
Hope it helps!
That’s 12 since we calculate the sides
You would basically go back and trace all your steps, that's what I do. And if your answer seems reasonable then you have the right answer but if your work doesn't match the answer than you've messed up.
I hope I helped if I did like my answer and comment down below thx
Answer:3 and 1/4 is closer to 3 and 3/5 is closer to 4
Step-by-step explanation: one is closer on the number scale then the other
