SOLUTION: Gordon Rosel went to his bank to find out how long it will take for $1,800 to amount to $2,310 at 7.75% simple interest. Please solve Gordon’s problem.

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Question 798732: Gordon Rosel went to his bank to find out how long it will take for $1,800 to amount to $2,310 at 7.75% simple interest.

Please solve Gordon’s problem.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Gordon Rosel went to his bank to find out how long it will take for $1,800 to amount to $2,310 at 7.75% simple interest.
A(t) = P(1+rt)
2310 = 1800(1+0.0775*t)
1.2833 = 1+0.0775t
0.0775t = 0.2833
t = 3.66 years
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Cheers,
Stan H.
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