document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=659123>Question 659123</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I deposit $500. into an account that pays simple interest at a rate of 6% per year. How much interest will be paid in the first 2 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #410671 by </B><A HREF=/tutors/aboutme.mpl?userid=colliefan><B>colliefan(242)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=colliefan><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=410671\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest amount = interest rate * balance in the account\r<BR>\n" );
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document.write( "First year:<BR>\n" );
document.write( "I=$500*6%=$30\r<BR>\n" );
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document.write( "Second year:<BR>\n" );
document.write( "I=530*6%=$31.80<BR>\n" );
document.write( "The second year you will get interest on the amount that the account increased with the first year's interest as well. </SPAN>\n" );
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