document.write( "Question 140610: If I deposited $1000 at a 5% interest rate annually and wanted to know how long it would take to earn $100 dollars of interest and at what amount it was earned, what would the equation be to figure out this problem? \n" ); document.write( "
Algebra.Com's Answer #102363 by edjones(8007)\"\" \"About 
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Let y be the number of years it take to get $100 interest.
\n" ); document.write( "1000*.05y=100
\n" ); document.write( "50y=100
\n" ); document.write( "y=100/50=2 years.
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