document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=632198>Question 632198</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Charlie earns $4,900 in simple interest on a sum of money invested for 5 years at a 7% interest rate. How much simple interest would he have earned if he had invested the same sum of money for 6 years at a 6% interest rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #398108 by </B><A HREF=/tutors/aboutme.mpl?userid=graphmatics><B>graphmatics(170)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=graphmatics><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/cgi-bin/show-face.mpl?user=graphmatics><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=398108\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let x be the amount of money invested. Then we know that 5(.07x)=4900 so x=4900/(5*.07).     X=4900/.35.      X=14000.     So for 6 years at .06 percent we have.  6(.06)14000=5040 </SPAN>\n" );
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