document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1008128>Question 1008128</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Tyler deposited $100 into a savings account for 6 years. The account earns 5% simple annual interest.\r<BR>\n" );
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document.write( "1. How much money will Tyler have earned in interest at the end of 6 years? \r<BR>\n" );
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document.write( "2. What is the total value of Tyler’s savings after six years?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #623909 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=623909\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Since simple interest is found by<BR>\n" );
document.write( "I = prt we have<BR>\n" );
document.write( "I = (100)(.05)(6) = $30<BR>\n" );
document.write( "That is if the interest is not compounded year to year.<BR>\n" );
document.write( "The total he will have in the account would then be $130.<BR>\n" );
document.write( "If it IS compounded, the numbers are $34.01 and $134.01. </SPAN>\n" );
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