document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=920127>Question 920127</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Juanita invests $3,000, at 5% interest, compounded annually for 3 years. Manually calculate the compound interest for this investment.\r<BR>\n" );
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document.write( "I understand every problem but the ones like these, Please can you help step me through the process to find the answer? I either skipping a step or something... I can't figure it out\r<BR>\n" );
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document.write( "Thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558168 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=558168\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the formula for compound interest is,<BR>\n" );
document.write( "A = P*(1 + r/n)^nt where A is amount, P is principal, r is rate, n is number of times the rate is compounded per year, t is number of years<BR>\n" );
document.write( "A = 3000*(1 + .05/1)^(1*3) = 3472.875 approx $3472.88<BR>\n" );
document.write( "compound interest is 3472.88 - 3000.00 = $472.88<BR>\n" );
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