SOLUTION: If you invest $3,900 at a 7.83% simple annual interest rate, approximately how long will it take for you to have a total of $10,000?

SOLUTION: If you invest $3,900 at a 7.83% simple annual interest rate, approximately how long will it take for you to have a total of $10,000?

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Question 874786: If you invest $3,900 at a 7.83% simple annual interest rate, approximately how long will it take for you to have a total of $10,000?

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
At a Flat Interest earned of 284.70 per year
$6100/284.70 = 21.426 years
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