document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=758794>Question 758794</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am having a diffcult time finding the correct anser to the following question.<BR>\n" );
document.write( "How much interest is earned in 3 years on $2000 deposited in an account paying 6% interest, compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #461670 by </B><A HREF=/tutors/aboutme.mpl?userid=John10><B>John10(297)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=John10><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=John10><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=461670\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi,\r<BR>\n" );
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document.write( "First, you need to find the accumulated amount after 3 years:\r<BR>\n" );
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document.write( "A = P(1 + r/n)^(nt)\r<BR>\n" );
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document.write( "A = 2000(1 + 0.06/4)^(4 * 3)\r<BR>\n" );
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document.write( "After found A, the interest is\r<BR>\n" );
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document.write( "I = A - $2000\r<BR>\n" );
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document.write( "Hope it helps you\r<BR>\n" );
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document.write( "John (Email me if you need extra help with your math class)\r<BR>\n" );
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document.write( " </SPAN>\n" );
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