document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=85356>Question 85356</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Business and Finance. Use the simple interest formula to find the principal if the total interest earned was %150 and the rate of interest was 4% for 2 years.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #61605 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=61605\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use the simple interest formula to find the principal if the total interest earned was %150 and the rate of interest was 4% for 2 years. <BR>\n" );
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document.write( "A = P(1+r)^n<BR>\n" );
document.write( "A = 150(1+0.04)^2<BR>\n" );
document.write( "A = 150(1.04)^2<BR>\n" );
document.write( "A = $162.24<BR>\n" );
document.write( "====================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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