document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=844018>Question 844018</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if you put 1500$ in a savings account that paid 4.5% compounded yearly, how much interest would you earn in ten years ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #508476 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=508476\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  if you put 1500$ in a savings account that paid 4.5% compounded yearly, how much interest would you earn in ten years ?<BR>\n" );
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document.write( "Find value in 10 years:<BR>\n" );
document.write( "A(10) = 1500(1+(0.045/1))^(1*10) <BR>\n" );
document.write( "A(10) = 1500(1.045)^10<BR>\n" );
document.write( "A(10) = $2329.45<BR>\n" );
document.write( "---<BR>\n" );
document.write( "Interest earned = 2329.45-1500 = $829.45<BR>\n" );
document.write( "============================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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