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Posted by 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 - , Monday, April 23, 2012 at 9:58pm

    Time 3.5 years
    Explanation:

    $520 $520
    _______________ = ______ = 3.5 years
    $1,900 × 0.078 $148.20

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