Posted by Ekanki on Monday, April 23, 2012 at 9:55pm.
Gordon Rosel went to his bank to find out how long it will take for $1,900 to amount to $2,420 at 7.8% simple interest.
Please solve Gordon’s problem. (Round your answer to 1 decimal place.)

business Maths  Ekanki, Monday, April 23, 2012 at 9:58pm
Time 3.5 years
Explanation:
$520 $520
_______________ = ______ = 3.5 years
$1,900 × 0.078 $148.20