document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=693853>Question 693853</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Charlie earns $4,900 in simple interest on a sum of <BR>\n" );
document.write( "money invested for 5 years at a 7% interest rate. How<BR>\n" );
document.write( "much simple interest would he have earned if he had invested<BR>\n" );
document.write( "the same sum of money for 6 years at a 6% interest rate?\r<BR>\n" );
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document.write( "A. $3,600<BR>\n" );
document.write( "B. $4,900<BR>\n" );
document.write( "C.$5,040<BR>\n" );
document.write( "D. $5,880\r<BR>\n" );
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document.write( "*I multiplied the 6% rate times the 6 years and then multiplied the money, then add the interest with the 4900, and got $6,664. Where did I go wrong?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #427593 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=427593\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Charlie earns $4,900 in simple interest on a sum of <BR>\n" );
document.write( "money invested for 5 years at a 7% interest rate. <BR>\n" );
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document.write( "Find the sum invested:<BR>\n" );
document.write( "I = P*r*t<BR>\n" );
document.write( "4900 = P*0.07*5<BR>\n" );
document.write( "P = $14000<BR>\n" );
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document.write( "How much simple interest would he have earned if he had invested<BR>\n" );
document.write( "the same sum of money for 6 years at a 6% interest rate? <BR>\n" );
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document.write( "Find \"I\":<BR>\n" );
document.write( "I = P*r*t<BR>\n" );
document.write( "I = 14000*6*0.06<BR>\n" );
document.write( "Interest = $5040<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "A. $3,600<BR>\n" );
document.write( "B. $4,900<BR>\n" );
document.write( "C.$5,040<BR>\n" );
document.write( "D. $5,880 \r<BR>\n" );
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document.write( " </SPAN>\n" );
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