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) About Me  (Show Source):
You can put this solution on YOUR website!
At a Flat Interest earned of 284.70 per year 3900%2A.0783
$6100/284.70 = 21.426 years