document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=193776>Question 193776</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A business invests $8,000 in a savings account for two years.  At the beginning of the second year, an additional $2,500 is invested.  At the end of the second year, the account balance is $11,445.  What was the annual interest rate?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #145466 by </B><A HREF=/tutors/aboutme.mpl?userid=RAY100><B>RAY100(1637)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=RAY100><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=145466\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> assume  simple  interest  ???????,,,I=PRT<BR>\n" );
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document.write( "yr,,,, invested,,,,,,interest,,,,,,invested,,,,,interest<BR>\n" );
document.write( "0,,,,,,8000<BR>\n" );
document.write( "1,,,,,,,,,,,,,,,,,,,,,,, 8000R(1),,,,2500<BR>\n" );
document.write( "2,,,,,,,,,,,,,,,,,,,,,,, 8000R(1),,,,,,,,,,,,,,,,,,, 2500R(1)\r<BR>\n" );
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document.write( "total    8000 +2500+2*8000R  +2500R  =11,445<BR>\n" );
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document.write( "10,500  +  16000R  +2500R=11,445<BR>\n" );
document.write( "       18500R=945<BR>\n" );
document.write( "R=   945/18500  =  .05108 = 5.108 %<BR>\n" );
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document.write( "check , 8000 + 2500 + 2*8000*.05108  + 2500* .0518 =11,445 </SPAN>\n" );
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