document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=427163>Question 427163</A>: <I><SPAN STYLE=\"word-break: break-all;\"> paul put some money in a bank that paid 5% interest.Three years later, his account had $2760.How much money did he originally put in the account.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #297060 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=297060\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> simple interest<BR>\n" );
document.write( "2760/1.15=2400<BR>\n" );
document.write( "------------<BR>\n" );
document.write( "compounded<BR>\n" );
document.write( "2760=P(1.05)^3<BR>\n" );
document.write( "P=2760/1.1576<BR>\n" );
document.write( "P=2384.24 </SPAN>\n" );
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