document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=872682>Question 872682</A>: <I><SPAN STYLE=\"word-break: break-all;\"> John opened a bank account.<BR>\n" );
document.write( "He deposited $800 in his account.<BR>\n" );
document.write( "The account pays simple interest at the rate of 5% per year.\r<BR>\n" );
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document.write( "Calculate the total amount in his account after 3 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #526305 by </B><A HREF=/tutors/aboutme.mpl?userid=indra89811><B>indra89811(24)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=indra89811><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=indra89811><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=526305\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple interest = Principal*Rate*Time<BR>\n" );
document.write( "Principal=$800<BR>\n" );
document.write( "Rate = 5%=0.05<BR>\n" );
document.write( "Time = 3 years<BR>\n" );
document.write( "Simple interest earned = 800*0.05*3 = $ 120<BR>\n" );
document.write( "Total amount = Principal + Simple interest = 800+120=$920\r<BR>\n" );
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document.write( "Ans: $920<BR>\n" );
document.write( "------------Peace------------------------- :)<BR>\n" );
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