document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=553545>Question 553545</A>: <I><SPAN STYLE=\"word-break: break-all;\"> When Katie was born her mother invested $5000 in an account for her college savings.  The interest rate is 3.5% compounded annually.  To represent this, we can use the formula V = 5000(1+r)t where r represents the interest rate and t represents the time in years.  How much will Katie have in her account when she turns 18?\r<BR>\n" );
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document.write( "A. 5,175<BR>\n" );
document.write( "B. 7,127<BR>\n" );
document.write( "C. 9,287<BR>\n" );
document.write( "D. 12,472 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #360912 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=360912\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> When Katie was born her mother invested $5000 in an account for her college savings. The interest rate is 3.5% compounded annually. <BR>\n" );
document.write( "To represent this, we can use the formula V = 5000(1+r)t where r represents the interest rate and t represents the time in years. How much will Katie have in her account when she turns 18?<BR>\n" );
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document.write( "V(18) = 5000(1.035)^18 = $9287<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "A. 5,175<BR>\n" );
document.write( "B. 7,127<BR>\n" );
document.write( "C. 9,287<BR>\n" );
document.write( "D. 12,472<BR>\n" );
document.write( " </SPAN>\n" );
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