document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=914822>Question 914822</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money must be invested at %6 to have $2000 in 12 years? Could you show me the steps and  explain how you got the answer in simplest terms so that i could understand it. My math instructor doesnt help me much at all, in fact he confuses me. PLEASE HELP!!!!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #555304 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=555304\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I assume it is Simple interest\r<BR>\n" );
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document.write( "Amount = 2000\r<BR>\n" );
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document.write( "Principal = x\r<BR>\n" );
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document.write( "rate = 6% = 6/100 = 0.06\r<BR>\n" );
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document.write( "n= 12 years\r<BR>\n" );
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document.write( "Amount- Principal = interest\r<BR>\n" );
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document.write( "2000-x = x* 12*0.06\r<BR>\n" );
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document.write( "2000-x = 0.72x\r<BR>\n" );
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document.write( "2000=1+0.72x\r<BR>\n" );
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document.write( "2000=1.72x\r<BR>\n" );
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document.write( "2000/1.72 =x\r<BR>\n" );
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document.write( " Invest 1162.80\r<BR>\n" );
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document.write( " </SPAN>\n" );
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