document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=23709>Question 23709</A>: <I><SPAN STYLE=\"word-break: break-all;\"> principal _____________<BR>\n" );
document.write( "interest rate  11%<BR>\n" );
document.write( "time  5 years simple interest $467,867.40\r<BR>\n" );
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document.write( "please help me solve this<BR>\n" );
document.write( "thank you so much </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #12467 by </B><A HREF=/tutors/aboutme.mpl?userid=longjonsilver><B>longjonsilver(2297)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=longjonsilver><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=longjonsilver><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=12467\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let principal = p\r<BR>\n" );
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document.write( "After every year, the customer gets 11% of this amount.\r<BR>\n" );
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document.write( "So, after 1 year the interest is 0.11P<BR>\n" );
document.write( "and after 2 years the interest is 0.11P + 0.11P or this can be written as 2(0.11P)\r<BR>\n" );
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document.write( "so, after 5 years, the interest is 5(0.11P)\r<BR>\n" );
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document.write( "so we have 0.55P = 467867.40<BR>\n" );
document.write( "--> P = 467867.40/0.55<BR>\n" );
document.write( "--> P = $850,668\r<BR>\n" );
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document.write( "jon.<BR>\n" );
document.write( " </SPAN>\n" );
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