document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=710722>Question 710722</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I put $250 in an account that earns 7.5%, how much will there be in the account at the end of 15 years?<BR>\n" );
document.write( "Could you help me with this problem please? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #437162 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=437162\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If I put $250 in an account that earns 7.5%, how much will there be in the account at the end of 15 years?<BR>\n" );
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document.write( "Note: When you post investment problems you should indicate<BR>\n" );
document.write( "if the investment is made at simple interest or at compound interest rules.<BR>\n" );
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document.write( "Using Simple interest forms:<BR>\n" );
document.write( "A(t) = P(1 + rt)<BR>\n" );
document.write( "A(15) = 250(1+0.075*15) = $531.25<BR>\n" );
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document.write( "Using interest forms with yearly compounding:<BR>\n" );
document.write( "A(t) = P(1 + (r/n))^(nt)<BR>\n" );
document.write( "A(15) = 250(1+(0.075/1))^15 = $739.72<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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