document.write( "Question 715581: Your favorite aunt put money in a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years your account has $8250 in it and after 5 years it has $9375.\r
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document.write( "This is a substitute problem and not the actual problem I have to solve (the numbers are different)
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document.write( "I would really like to figure out how to solve the problem. I am currently drawing a blank.
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document.write( "Thank you so much. \n" );
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Algebra.Com's Answer #439526 by KMST(5328)![]() ![]() You can put this solution on YOUR website! After 2 years your account has $8250. \n" ); document.write( "After 5 years it has $9375. \n" ); document.write( "Over the \n" ); document.write( "the account balance increased by $9375-$8250=$ \n" ); document.write( "The yearly increase was \n" ); document.write( "$ \n" ); document.write( "The increase in the first \n" ); document.write( "$ \n" ); document.write( "The initial deposit was \n" ); document.write( "$8250-$750=$ \n" ); document.write( "The interest earned as a fraction of the initial deposit is \n" ); document.write( " \n" ); document.write( "which means that the fixed simple interest was \n" ); document.write( " \n" ); document.write( " |