document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=761439>Question 761439</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the interest earned on $400 invested at the rate of 6% for one year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #463247 by </B><A HREF=/tutors/aboutme.mpl?userid=2897696><B>2897696(96)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=2897696><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=2897696><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=463247\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> To solve this problem, we can use a formula :I=PRT or iprt<BR>\n" );
document.write( "I=interest(money paid for money used) <BR>\n" );
document.write( "P=principal (money invested or loaned)<BR>\n" );
document.write( "R=rate <BR>\n" );
document.write( "T=time<BR>\n" );
document.write( "From here we plug in to the formula what we know.<BR>\n" );
document.write( "I=? or x<BR>\n" );
document.write( "P=400<BR>\n" );
document.write( "R=6% or 0.06<BR>\n" );
document.write( "T=one year<BR>\n" );
document.write( "Equation is :  I=PRT ----------> x=400(0.06)1<BR>\n" );
document.write( "Once you have the equation, just solve for x.<BR>\n" );
document.write( "x=24(1)<BR>\n" );
document.write( "x=24<BR>\n" );
document.write( "so the interest is $24.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );