document.write( "Question 307740: You put $4,750 into a bank paying 1.4% simple interest per year. If you don’t take anything out of the account, how much do you have after two years? \n" ); document.write( "
Algebra.Com's Answer #220120 by mananth(16946)![]() ![]() You can put this solution on YOUR website! principal you put = $4750 \n" ); document.write( "rate of interest = 1.4 % \n" ); document.write( "time = 2 years \n" ); document.write( "type of interest = simple\r \n" ); document.write( "\n" ); document.write( "Simple interest = p r t / 100\r \n" ); document.write( "\n" ); document.write( "= 4750 * 1.4 * 2 / 100\r \n" ); document.write( "\n" ); document.write( "= 133\r \n" ); document.write( "\n" ); document.write( "Amount at the end of 2 years = principal + interest\r \n" ); document.write( "\n" ); document.write( "= 4750 +133= 4883\r \n" ); document.write( "\n" ); document.write( "You will have $ 4883 at the end of 2 years\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |