document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=676559>Question 676559</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Andrea wants to deposit money into a bank account that earns 3% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $3800 after 4.5 years. Show and explain your work. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #420397 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=420397\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Andrea wants to deposit money into a bank account that earns 3% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $3800 after 4.5 years. Show and explain your work.<BR>\n" );
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document.write( "I = Prt<BR>\n" );
document.write( "3800 = P*0.03*4.5<BR>\n" );
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document.write( "3800 = P*0.135<BR>\n" );
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document.write( "P = $28,145.15<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "========== </SPAN>\n" );
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