The primary difference between a quota and a voluntary export restraint (ver) is that

The primary difference between a quota and a voluntary export restraint​ (VER) is that the quota is unilaterally imposed by one nation on the other while the VER is the result of negotiations between nations.
VERs are a result of requests made by the importing country to provide a measure of protection for its domestic businesses that produce competing goods, which means the negotiations are between nations.

Answer:

9.9 years

step-by-step explanation:

a = p(1 + rt) . . account balance after time t at rate r starting with principal p

3000 = 2500(1 + 0.0202t) . . filling in the given numbers

1.2 = 1 + 0.0202t . . divide by 2500

0.2 = 0.0202t . . . subtract 1

0.2/0.0202 = t ≈ 9.901

it will take about 9.9 years for the account balance to reach $3000.