document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=715115>Question 715115</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "If a person deposits $8000 dollars in a bank account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years. I would just like a formula please.<BR>\n" );
document.write( "Thanks for your help and time,<BR>\n" );
document.write( "Oliver </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #439226 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><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=439226\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P(1+I)^T<BR>\n" );
document.write( "8000(1+.04)^4<BR>\n" );
document.write( "8000*1.04^4<BR>\n" );
document.write( "8000*1.17=$9,258.87 ANS. </SPAN>\n" );
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