document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=994683>Question 994683</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must you leave the money in the account to earn $500 in interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #613697 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=613697\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must you leave the money in the account to earn $500 in interest? <BR>\n" );
document.write( "---<BR>\n" );
document.write( "Interest = P*r*t<BR>\n" );
document.write( "------<BR>\n" );
document.write( " 2000*0.04*t = 500<BR>\n" );
document.write( "-----<BR>\n" );
document.write( "80t = 400<BR>\n" );
document.write( "----<BR>\n" );
document.write( "time = 6.25 years<BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "------------ </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );