document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=819137>Question 819137</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I invested $6,000 in 1993 at 3% interest, how much do I have twenty years later? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #492958 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=492958\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If I invested $6,000 in 1993 at 3% interest, how much do I have twenty years later?<BR>\n" );
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document.write( "Assuming simple interest you get::<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
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document.write( "A(20) = 6000(1+0.03*20)<BR>\n" );
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document.write( "A(20) = 6000(1.6) = $9600<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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