document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=160255>Question 160255</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much money will you need to deposit to earn $75 in simple interest in 6 months if you bank pays 5% annually ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #118284 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=118284\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p(1+r)^t-p=75<BR>\n" );
document.write( "p(1+.05/2)^1-p=75<BR>\n" );
document.write( "p(1+.025)^1-p=75<BR>\n" );
document.write( "p(1.025)-p=75<BR>\n" );
document.write( "1.025p-p=75<BR>\n" );
document.write( ".025p=75<BR>\n" );
document.write( "p=75/.025<BR>\n" );
document.write( "p=3,000is the investment amount.<BR>\n" );
document.write( "Proof<BR>\n" );
document.write( "3000(1+.05/2)^1-3000=75<BR>\n" );
document.write( "3000*1.025-3000=75<BR>\n" );
document.write( "3075-3000=75<BR>\n" );
document.write( "75=75\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );