document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=798732>Question 798732</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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.<BR>\n" );
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document.write( "Please solve Gordon’s problem. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #482343 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=482343\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 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.<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "2310 = 1800(1+0.0775*t)<BR>\n" );
document.write( "1.2833 = 1+0.0775t<BR>\n" );
document.write( "0.0775t = 0.2833<BR>\n" );
document.write( "t = 3.66 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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