joe flynn visited his local bank to see how long it will take for $1200 to amount to $2100 at a simple interest rate of 7%. how long will it take?

Question

anonymous · Answer

So what happens to the interest after 1 year?

anonymous · Answer

no, how many years will it take joe to get to 2100 in his account?

anonymous · Answer

Yes, I know.
What I am asking is it simple interest for 7 years, no compounding at all?

anonymous · Answer

Well, if there is no compounding, it seems quite simple.
7% is $84 a year

anonymous · Answer

? at 7% interest how long will it takee for 1200 to get to 2100?

anonymous · Answer

As I said above, no compounding, he will get $84 a year...

anonymous · Answer

you understand?

anonymous · Answer

thank you

anonymous · Answer

your welcome.