Don't know what formula to use Ahmed wants to invest $4,400.00 in a savings account that pays 7 % simple interest. How long will it take8.for this investment to reach a value of $7,700.00?Round your answer to the nearest tenth of a year.It will takeyears for the investment to reach a value of $7,700.00.HintQuestion Help: DVideo Message instructorSubmit Question(2 65°F A GII

Given that,Ahmed wants to invest $4,400.00 in a savings account that pays 718% simple interest.

Answered: Ahmed wants to invest $4,400.00 in a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Ahmed wants to invest $4,400.00 in a savings account that pays 7-% simple interest. How long will it take for this investment to reach a value of $7,700.00? 8 Round your answer to the nearest tenth of a year. It will take years for the investment to reach a value of $7,700.00.