document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=287103>Question 287103</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the interest on $2700 that is invested at 4% for 2 1/2. <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #208161 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=208161\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> find the interest on $2700 that is invested at 4% for 2 1/2 yrs. <BR>\n" );
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document.write( "What kind of interest? simple or compound?<BR>\n" );
document.write( "If simple interest Interest = Prt = (2700)(0.04)(2.5) = $270<BR>\n" );
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document.write( "If compounded annually: Interest = (2700)(1+0.04)^2.5 - 2700<BR>\n" );
document.write( "= 2700[(1.04)^2.5 - 1]<BR>\n" );
document.write( "= 2700[0.1030]<BR>\n" );
document.write( "= $278.15<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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