document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=908425>Question 908425</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500.\r<BR>\n" );
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document.write( "this is Algebra 2 \r<BR>\n" );
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document.write( "any help is appreciated <BR>\n" );
document.write( "thank you </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #551020 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=551020\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500.<BR>\n" );
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document.write( "Simple Interest Formula:: A(t) = P(1+rt)<BR>\n" );
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document.write( "1st Account:: A(1) = 3000(1+0.04*1) = 3000(1.04) = $3120<BR>\n" );
document.write( "Interest = 120<BR>\n" );
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document.write( "2nd Account:: A(1) = 2500(1+0.06*1) = 2500(1.06) = $2650<BR>\n" );
document.write( "interest = $150<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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