document.write( "Question 220361: How much money would I have after 50 years if I put in $50 with a 6% interest per year? \n" ); document.write( "
Algebra.Com's Answer #165454 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
I'm assuming that you're using simple interest.\r
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\n" ); document.write( "\n" ); document.write( "\"A=P%2BPrt\" Start with the simple interest formula.\r
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\n" ); document.write( "\n" ); document.write( "\"A=50%2B50%2A0.06%2A50\" Plug in \"P=50\" (the investment), \"r=0.06\" (the decimal equivalent of 6%), and \"t=50\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=50%2B50%2A3\" Multiply \"0.06\" and \"50\" to get \"3\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=50%2B150\" Multiply \"50\" and \"3\" to get \"150\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=200\" Add \"50\" to \"150\" to get \"200\".\r
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\n" ); document.write( "\n" ); document.write( "So if you invest $50 at an interest rate of 6%, you'll have $200 in the account after 50 years.
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