Question 1175334
<pre><font face = "consolas" color = "indigo" size = 3><b>
Hi
 In General {{{A(t) = P(1+r/n)^highlight_green(nt)}}}
A = Accumulated Amount $1300
P= principal = $1000
r= annual rate = .12
n= periods per year = 2
t= years =

Question States
(1.06)^2t = 1300/1000
solving for t:
*[tex \large\ \ b^y = x  \ \Rightarrow \  y = \log_b(x) \\ \ ]
            2t = {{{log(1.06,1.3) }}}     
            2t = 4.50
             t = 2.25 yrs  0r 2years and 3mos.
Answer Can be verified with any of the online compound interest calculators.           
Wish You the Best in your Studies.
</font></b></pre>