document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=293507>Question 293507</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Kevin invested money in a savings account at a rate of 5% simple interest.<BR>\n" );
document.write( "After one year, he has $4347.00 in the account. How much did kevin originally invest.\r<BR>\n" );
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document.write( "Please show the 5-step problem solving process and show all steps necessary to arrive at the solution. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #211861 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=211861\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Kevin invested money in a savings account at a rate of 5% simple interest.<BR>\n" );
document.write( "After one year, he has $4347.00 in the account. How much did kevin originally invest.<BR>\n" );
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document.write( "Simple Interest: A(t) = P(1+rt)<BR>\n" );
document.write( "4347 = P(1+0.05*1)<BR>\n" );
document.write( "4347 = P(1.05)<BR>\n" );
document.write( "Principal = 4347/1.05 = $4140.00<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "==================================== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );