document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=507618>Question 507618</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the simple interest on a $1200 investment made for 2 years at an interest rate of 8%/year. What is the accumulated amount? (Round your answers to the nearest cent.) \r<BR>\n" );
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document.write( "simple interest $\r<BR>\n" );
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document.write( "accumulated amount $ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #340619 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=340619\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the simple interest on a $1200 investment made for 2 years at an interest rate of 8%/year. What is the accumulated amount? (Round your answers to the nearest cent.)<BR>\n" );
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document.write( "A(t) = P(1+rt)<BR>\n" );
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document.write( "A(2) = 1200(1 + 0.08*2)<BR>\n" );
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document.write( "A(2) = 1200 + 2400*0.08<BR>\n" );
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document.write( "A(2) = 1200 + 192<BR>\n" );
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document.write( "simple interest $192 <BR>\n" );
document.write( "accumulated amount $1392<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.\r<BR>\n" );
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