document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=920643>Question 920643</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much interest will be earned on a savings account that pays 10% compounded annually, if $12,000 is invested for 2 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558519 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=558519\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much interest will be earned on a savings account that pays 10% compounded annually, if $12,000 is invested for 2 years?<BR>\n" );
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document.write( "Interest = 12000(1+(0.10/1))^(1*2) - 12000<BR>\n" );
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document.write( "Int = 12000(1.1)^2 - 12000<BR>\n" );
document.write( "Int = 14520-12000<BR>\n" );
document.write( "Int = $2520<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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