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) You can put this solution on YOUR website! 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. \n" ); document.write( ". \n" ); document.write( "Ed \n" ); document.write( " |