document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=370521>Question 370521</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much must be invested into an account at 4% simple interest so that the balance<BR>\n" );
document.write( "is $2000 in 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #264098 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=264098\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much must be invested into an account at 4% simple interest so that the balance is $2000 in 5 years?<BR>\n" );
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document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "Solve:<BR>\n" );
document.write( "2000 = P(1+0.04*5)<BR>\n" );
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document.write( "2000 = P(1.2)<BR>\n" );
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document.write( "P = 2000/1.2 = $1666.67<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );