document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=50096>Question 50096</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0130519685/algebrahomeworkh>Algebra 2 with Trigonometry</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> An investment of P dollars made at the simple interest rate r for t years will grow to a total T=P+Prt. For an investment of $10,000 to grow at least $12,000 in two years, what is the minnimum interest rate at which it can be invested?\r<BR>\n" );
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document.write( "PlEaSe HeLp Me SuMbOdy!!! :(<BR>\n" );
document.write( " can u teach me how to do this please!!!!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #33257 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=33257\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An investment of P dollars made at the simple interest rate r for t years will grow to a total T=P+Prt. For an investment of $10,000 to grow at least $12,000 in two years, what is the minnimum interest rate at which it can be invested? <BR>\n" );
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document.write( "T=P+Prt<BR>\n" );
document.write( "12000= 10000+10000(r)(2)<BR>\n" );
document.write( "2000=20000r<BR>\n" );
document.write( "r=0.10= 10%\r<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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