document.write( "Question 352182: You put $4,750 into a bank paying 1.4% simple interest per year. Suppose you don’t take anything out of the account. How much do you have after two years?\r
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Algebra.Com's Answer #251678 by sofiyac(983)\"\" \"About 
You can put this solution on YOUR website!
The formula for simple interest is \"I=Prt\"
\n" ); document.write( "I-interest-amount we are trying to find
\n" ); document.write( "P-principal=4750
\n" ); document.write( "r-rate of growth(interest paid on the amount as a number [not percents])-to convert percent to a number you divide the percent by 100. So 1.4/100=0.014
\n" ); document.write( "t-time in years=2
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\n" ); document.write( "\"I=4750%2A0.014%2A2=133\"
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