Answer:
d
Step-by-step explanation:
I'll use my own formula (similar to yours tho)

A=future amount
p=invested
r=rate in decimal
n=number of times per year compounded
t=time in years
so
when will A=2P
subsitute 2P for A
also quarterly means 4 times a year or n=4
and 12%=0.12=r
so

divide both sides by P

simplify


take the ln of both sides



divide both sides by 4ln(1.03)

use calculator
5.86244=t
about 5.9 years
True
I’m not 100% positive but I’m pretty sure
Hope this helps with the answer ;)