document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=961376>Question 961376</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A savings account in the Emigrant Savings Bank in New York now earns 2.25% simple interest a year. Bank One pays 6% interest compounded semiannually on a certificate of deposit. Robert Wier wants to deposit $1,500 in his savings account, how much additional interest will he earn by placing the money in a certificate of deposit? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #587475 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=587475\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> With simple interest, he will have<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+1500%2A%28+1+%2B+.0225+%29+ ALIGN=MIDDLE  ALT=\"+1500%2A%28+1+%2B+.0225+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" > <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+1500%2A1.0225+=+1533.75+ ALIGN=MIDDLE  ALT=\"+1500%2A1.0225+=+1533.75+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "after 1 year<BR>\n" );
document.write( "---------------<BR>\n" );
document.write( "With the CD, after 1 year, he has:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1500%2A%28+1+%2B+.06%2F2+%29%5E%28+2%2A1+%29+ ALIGN=MIDDLE  ALT=\"+A+=+1500%2A%28+1+%2B+.06%2F2+%29%5E%28+2%2A1+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1500%2A1.03%5E2+ ALIGN=MIDDLE  ALT=\"+A+=+1500%2A1.03%5E2+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1500%2A1.0609+ ALIGN=MIDDLE  ALT=\"+A+=+1500%2A1.0609+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1591.35+ ALIGN=MIDDLE  ALT=\"+A+=+1591.35+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+1591.35+-+1533.75+=+57.6+ ALIGN=MIDDLE  ALT=\"+1591.35+-+1533.75+=+57.6+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The CD earns $57.60 more interest than<BR>\n" );
document.write( "with simple interest account\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );