document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=935236>Question 935236</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to make $1850 simple interest in the next two years from your bank account that has $14,800 in it.  What interest rate would you have to get to make $1260 in two years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #568442 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=568442\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You want to make $1850 simple interest in the next two years from your bank account that has $14,800 in it. What interest rate would you have to get to make $1260 in two years?<BR>\n" );
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document.write( "I(t) = Prt<BR>\n" );
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document.write( "1260 = 14800*r*2<BR>\n" );
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document.write( "r = 1260/(2*14800) = 4.26%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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