document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1129317>Question 1129317</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Michelle Payne deposited $7,800 in a savings account paying 7.00% simple interest. How long will it take for her investment to amount to $10,400?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #746004 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=746004\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Michelle Payne deposited $7,800 in a savings account paying 7.00% simple interest.<BR>\n" );
document.write( " How long will it take for her investment to amount to $10,400?<BR>\n" );
document.write( ":<BR>\n" );
document.write( "simple interest formula: I = PRT<BR>\n" );
document.write( "Find the amt of interest. 10400 - 7800 = 2600<BR>\n" );
document.write( "7800*.07*t = 2600<BR>\n" );
document.write( "546t = 2600<BR>\n" );
document.write( "t = 2600/546<BR>\n" );
document.write( "t = 4.76 ~ 5 years </SPAN>\n" );
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