document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=997884>Question 997884</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sam opened a money market account that pays 3% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account he earned $630 in enter. How long did he keep his account open?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #615815 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=615815\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I= Prt Interest= Principal x rate x time. Now let's substitute the letters with the numbers provided in the problem:<BR>\n" );
document.write( "630= 7000 x 0.03 x t Multiply<BR>\n" );
document.write( "630= 210 x t Divide both sides by 210:<BR>\n" );
document.write( "3= t He kept his account open for 3 years.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );