document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=325051>Question 325051</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $20,000 is invested at 16% per year for 3 months. How much interest is earned on the investment?\r<BR>\n" );
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document.write( "I've tried 16% divided by 12 = 1 4/12 *3 = 2 1/3 is that right? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #232780 by </B><A HREF=/tutors/aboutme.mpl?userid=nyc_function><B>nyc_function(2741)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nyc_function><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=nyc_function><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=232780\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I = PRT is the formula you need.  \r<BR>\n" );
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document.write( "NOTE: T = time (in years)\r<BR>\n" );
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document.write( "3 months = 3/12 or 1/4 years\r<BR>\n" );
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document.write( "We are searching for I.\r<BR>\n" );
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document.write( "I = (20,000)(0.16)(1/4)\r<BR>\n" );
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document.write( "I = $800\r<BR>\n" );
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