document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=934757>Question 934757</A>: <I><SPAN STYLE=\"word-break: break-all;\"> (1) $600 invested at simple interest for 2 years earns $96. what is the rate of interest per annum?<BR>\n" );
document.write( "(2) Mary invested $200 for 3 years at 5% per annum, John $300 at the same rate. if they both received the same amount of money in simple interest, for how many years did John invest his money? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #567754 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=567754\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1)<BR>\n" );
document.write( "I=Prt<BR>\n" );
document.write( "r=I/Pt<BR>\n" );
document.write( "r=96/(600*2)<BR>\n" );
document.write( "r=96/1200<BR>\n" );
document.write( "r=0.08<BR>\n" );
document.write( "r=8%<BR>\n" );
document.write( "2)<BR>\n" );
document.write( "I=Prt<BR>\n" );
document.write( "I=200*0.05*3<BR>\n" );
document.write( "I=30<BR>\n" );
document.write( "--------------<BR>\n" );
document.write( "t=I/(pr)<BR>\n" );
document.write( "t=30/(300*0.05)<BR>\n" );
document.write( "t=2 yrs </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );