document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=633352>Question 633352</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A STUDENT DEPOSIT 1500.00 IN A 9% ACCOUNT TODAY HE INTENDS TO DEPOSIT ANOTHER 3000.00 AT THE END OF TWO YEARS. HE PLAN TO PURCHASE IN 5 YEARS HIS FAVORITE SHOES WORTH OF 5000.00. CALCULATE THE MONEY THAT WILL BE LEFT IN HIS ACCOUNT ONE YEAR AFTER THE PURCHASE </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #398843 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16949)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=398843\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $1500 ---- 5 years--------9%\r<BR>\n" );
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document.write( "=1500*5*0.09= 675\r<BR>\n" );
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document.write( "$3000-3years - 9%\r<BR>\n" );
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document.write( "3000*3*0.09=810<BR>\n" );
document.write( "Total interest earned = 810+675= 1485\r<BR>\n" );
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document.write( "Total in bank after 5 years = 5000+1485= 6485\r<BR>\n" );
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document.write( "Less cost of shoes $5000\r<BR>\n" );
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document.write( "=1485.\r<BR>\n" );
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document.write( "he will earn 9% on 1485 for 1 year\r<BR>\n" );
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document.write( "Interest= 1485*0.09*1\r<BR>\n" );
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document.write( "=133.65\r<BR>\n" );
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document.write( "Money in Bank after 6 years = 1080 + 133.65=1177.20<BR>\n" );
document.write( "=$1213.65 </SPAN>\n" );
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