document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=40879>Question 40879</A>: <I><SPAN STYLE=\"word-break: break-all;\"> one thousand dollars in a savings account pays 9% interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principle the following year?\r<BR>\n" );
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document.write( "Thanks you very much  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #26312 by </B><A HREF=/tutors/aboutme.mpl?userid=rajagopalan><B>rajagopalan(174)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rajagopalan><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=rajagopalan><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=26312\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> one thousand dollars in a savings account = p =1000<BR>\n" );
document.write( "interest per year=R=9%<BR>\n" );
document.write( "N=1<BR>\n" );
document.write( "The interest earned after the first year = PNR/100<BR>\n" );
document.write( "= 1000*1*9/100= 90<BR>\n" );
document.write( "When this is added to the account the new p =1090<BR>\n" );
document.write( "interest earned on the new principle the following year = 1090*1*9/100<BR>\n" );
document.write( "=98.10 <BR>\n" );
document.write( "You get 98 dollars & 10 cents as interest for the new principal.<BR>\n" );
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