document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=734173>Question 734173</A>: <I><SPAN STYLE=\"word-break: break-all;\"> After 2 years, Deion earned $270 in simple interest from a CD into which he initially deposited $6000. What was the annual interest rate of the CD?\r<BR>\n" );
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document.write( "I thought at first that I would multiply all three of them together, but I really have no idea what I'm doing and I'd like to actually learn what to do rather than rely on asking other people everytime I have a problem like this pop up, so if you could please show me how that would be so great! Thank you! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #448786 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=448786\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple interest means that the investor earns the same % of the<BR>\n" );
document.write( "principal each year. The principal is $6000.<BR>\n" );
document.write( "So, for 1 year he earns interest = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+6000r+ ALIGN=MIDDLE  ALT=\"+6000r+\"   DISABLED_style= \"max-width:90%; height:auto;\" > where <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+ ALIGN=MIDDLE  ALT=\"+r+\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the rate of interest.<BR>\n" );
document.write( "You are given that he earned $270 in interest after 2 yrs<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+270%2F2+=+135+ ALIGN=MIDDLE  ALT=\"+270%2F2+=+135+\"   DISABLED_style= \"max-width:90%; height:auto;\" > was earned in each of those 2 yrs.<BR>\n" );
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document.write( "Let <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+ ALIGN=MIDDLE  ALT=\"+I+\"   DISABLED_style= \"max-width:90%; height:auto;\" > = interest earned in a year.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+6000r+ ALIGN=MIDDLE  ALT=\"+I+=+6000r+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+I+%2F+6000+ ALIGN=MIDDLE  ALT=\"+r+=+I+%2F+6000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+135+%2F+6000+ ALIGN=MIDDLE  ALT=\"+r+=+135+%2F+6000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+.0225+ ALIGN=MIDDLE  ALT=\"+r+=+.0225+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+.0225%2A100+=+2.25+ ALIGN=MIDDLE  ALT=\"+.0225%2A100+=+2.25+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The simple interest rate was 2.25%<BR>\n" );
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