document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=725949>Question 725949</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Karen deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 2 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #444391 by </B><A HREF=/tutors/aboutme.mpl?userid=Kelly625><B>Kelly625(2)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Kelly625><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Kelly625><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=444391\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> For this problem, you use the formula I = PRT.<BR>\n" );
document.write( "I is the interest; this is what you're solving for.<BR>\n" );
document.write( "P is the principle; the amount of money ($).<BR>\n" );
document.write( "R is the rate; the percentage rate (%).<BR>\n" );
document.write( "T is the time; in this case, in years.\r<BR>\n" );
document.write( "\n" );
document.write( "So we multiply 300 by 6% by 2 years. Your equation should look like this:<BR>\n" );
document.write( "I = 300 x 0.06 x 2<BR>\n" );
document.write( "I = 36<BR>\n" );
document.write( "Your answer is $36.00. </SPAN>\n" );
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