document.write( "Question 792604: If anyone can please help me solve the question and please type it step by step so I can solve questions like this in the future.
\n" ); document.write( "What annual simple interest rate will increase Jacob Davidson's initial investment of $5,000 to $6,000 in two years?
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Algebra.Com's Answer #480077 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
I=Prt
\n" ); document.write( "1000=5000*r*2
\n" ); document.write( "1000/10000=r
\n" ); document.write( "r=0.1=10%
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