document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=536120>Question 536120</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bob invests $2000 at 6% interest for 5 years. How much will he earn in 5 years? How much will he have after 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #352155 by </B><A HREF=/tutors/aboutme.mpl?userid=fcabanski><B>fcabanski(1391)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fcabanski><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=352155\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the problem doesn't specify, then it's simple interest.<P>\r<BR>\n" );
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document.write( "The formula for simple interest<P><BR>\n" );
document.write( "P = Principal = 2000<br><BR>\n" );
document.write( "r = interest rate =6% = 6/100 = .06<br><BR>\n" );
document.write( "t = time (in years) = 5<br><BR>\n" );
document.write( "I = interest earned = solution <br><BR>\n" );
document.write( "I=P*r*t<P><BR>\n" );
document.write( "I =2000*.06*5= $600<P><BR>\n" );
document.write( "He will earn $600 in 5 years.  He will have the original principal plus the interest after 5 years.  <P><BR>\n" );
document.write( "$2000+$600=$2600.\r<BR>\n" );
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