document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=414304>Question 414304</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this problem:\r<BR>\n" );
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document.write( "If you earn $3,000 over 10 years on an investment that pays 5% compounded annually, what was the principle amount you started with?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #290576 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=290576\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=p(1+r/n)^nt\r<BR>\n" );
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document.write( "p+3000=p(1+0.05/10)^100<BR>\n" );
document.write( "p+3000+1.65p<BR>\n" );
document.write( "0.65p=3000<BR>\n" );
document.write( "p=3000/0.65<BR>\n" );
document.write( "P= $4,675 </SPAN>\n" );
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