Question 3
2 answers:
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Years = Natural Logarithm(Total / Principal) / rate
Years = ln (1,200 / 1,000) / .06
Years = ln (6 / 5) / .06
Years = ln (1.2) / .06
Years = 0.18232155679 / .06
Years = <span> <span> <span> 3.0386926132 </span> </span> </span>
Years = <span> <span> <span> 3.0 (rounded)
</span></span></span>answer is B
Years = ln (1,200 / 1,000) / .06
Years = ln (6 / 5) / .06
Years = ln (1.2) / .06
Years = 0.18232155679 / .06
Years = <span> <span> <span> 3.0386926132 </span> </span> </span>
Years = <span> <span> <span> 3.0 (rounded)
</span></span></span>answer is B