document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=151434>Question 151434</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the interest earned at the end of the first year on 6,800. invested at 4% I started with I=0.4x1/12=6800 then is it0.4 /12=6800/12 I am stuck </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #111373 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=111373\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> YOU HAVE THE WRONG FORMULA.<BR>\n" );
document.write( "I=PR^T WHERE I=INTEREST, P=PRINCIPLE, R=ANNUAL % RATE, T=NUMBER OF YEARS.<BR>\n" );
document.write( "I=6,800*.04^1<BR>\n" );
document.write( "I=$272 IS THE INTEREST AT THE END OF 1 YEAR. </SPAN>\n" );
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