<PRE><B>Question 756091</B>
Calculate the amount of time it would take for a 7000 dollar investment to reach 1400 dollars at a simple interest rate of 4% per annum
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1400 = 7000(1+0.04t)
1 + 0.04t = 2
0.04t = 1
t = 1/0.04
t = 25 years
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Cheers,
Stan H.</PRE>