document.write( "Question 700945: The Compound interest is 1590 for 2 years at the rate of 12% PA Find the simple interest for the same period for 16% \r
\n" ); document.write( "\n" ); document.write( "Hint Answer is 2000
\n" ); document.write( "Compound interest=1590 it is not the principal
\n" ); document.write( "Rate =12%
\n" ); document.write( "Time=2years \n" ); document.write( "
Algebra.Com's Answer #432088 by stanbon(75887)\"\" \"About 
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The Compound interest is 1590 for 2 years at the rate of 12% PA Find the simple interest for the same period for 16%
\n" ); document.write( "Hint Answer is 2000
\n" ); document.write( "Compound interest=1590 it is not the principal
\n" ); document.write( "Rate =12%
\n" ); document.write( "Time=2years
\n" ); document.write( "----------
\n" ); document.write( "Compound information:
\n" ); document.write( "P+I = P(1+(r/n))^(nt)
\n" ); document.write( "P+1590 = P(1+(0.12/1))^(1*2)
\n" ); document.write( "P+1590 = P(1.2544)
\n" ); document.write( "0.2544P = 1590
\n" ); document.write( "P = $6250
\n" ); document.write( "-----
\n" ); document.write( "Simple Interest information:
\n" ); document.write( "I = Prt
\n" ); document.write( "I = 6250*0.16*2
\n" ); document.write( "---
\n" ); document.write( "I = $2000
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "=============
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