document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=169013>Question 169013</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The total simple interest on a savings certificate one year was $300 If the annual simpale interest rate was 15% what was the principal amount invested?\r<BR>\n" );
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document.write( "PXR=I\r<BR>\n" );
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document.write( "i have x*15%=$300 divide each side by 15 and you get 20.00 is this right? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #124640 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><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/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=124640\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> When considering interest of 15%<BR>\n" );
document.write( "% means \"per one hundred\"<BR>\n" );
document.write( "so 15% is<BR>\n" );
document.write( "15/100 = .15<BR>\n" );
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document.write( "PR=I<BR>\n" );
document.write( "The problem gives you:<BR>\n" );
document.write( "I is $300<BR>\n" );
document.write( "R is .15<BR>\n" );
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document.write( "Plugging it into:<BR>\n" );
document.write( "PR=I<BR>\n" );
document.write( "P(.15)=300<BR>\n" );
document.write( "P = 300/.15<BR>\n" );
document.write( "P = $2000<BR>\n" );
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