document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=371750>Question 371750</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the equation to solve this word problem:  A bank deposit grew to $2000 in 10 months paying 8% interest.  What is the principal?  I tried:<BR>\n" );
document.write( "2000=x * .08 * (10/12) but not sure if this is correct and don't understand next steps. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #264872 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=264872\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If it is simple interest, then your equation is B = P(1+rt).<BR>\n" );
document.write( "2000 = x(1+0.08*(10/12)),<BR>\n" );
document.write( "2000 = x(1.066666666...),<BR>\n" );
document.write( "x = 1875.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );