document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=280100>Question 280100</A>: <I><SPAN STYLE=\"word-break: break-all;\"> John put $40 into his investment club every month for a year at a 7% annual interest rate. Interest is calculated once at the end of the year. How much money was in his account at the end of the year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #203526 by </B><A HREF=/tutors/aboutme.mpl?userid=JenniferTutors><B>JenniferTutors(83)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=JenniferTutors><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=JenniferTutors><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=203526\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If John put $40 into his investment account every month for up to a year, that would be 12 months of putting $40 into his account. If there is a 7% annual interest, first multiply 40 by 12, to find the total amount that was deposited throughout the year. <BR>\n" );
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document.write( "So if $480 was the total amount deposited into the account, Next multiply $480 by the annual interest, 7%, which equals $33.60. Now add $33.60 to $480, that equals $513.60, this is the total amount now in his investment account.  </SPAN>\n" );
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