document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=391598>Question 391598</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much money must you deposit into a savings account that has a 3% annual interest rate to earn 100.00 in three years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #277873 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=277873\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much money must you deposit into a savings account that has a 3% annual interest rate to earn 100.00 in three years?<BR>\n" );
document.write( "...<BR>\n" );
document.write( "Simple Interest = p*r*t<BR>\n" );
document.write( "100=p*0.03*3<BR>\n" );
document.write( "p=100/3*0.03<BR>\n" );
document.write( "p=100/0.09<BR>\n" );
document.write( "p= $1111.11 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );