document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=333280>Question 333280</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Deposit $120 in a savings account that pays an annual interest rate of 2.5%.  How much simple interest would you earn in 2 years?\r<BR>\n" );
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document.write( "I=Prt<BR>\n" );
document.write( "I=(120)(0.025)(2)<BR>\n" );
document.write( "I=6<BR>\n" );
document.write( "2 years interest on $120 at a rate of 2.5%.\r<BR>\n" );
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document.write( "Is this correct? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #238803 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=238803\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I = P*r*t<BR>\n" );
document.write( "P=120<BR>\n" );
document.write( "r= 2.5% = 0.025<BR>\n" );
document.write( "t=2<BR>\n" );
document.write( "..<BR>\n" );
document.write( "I=120*0.025*2<BR>\n" );
document.write( "I=$6<BR>\n" );
document.write( "You were right </SPAN>\n" );
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