document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1014859>Question 1014859</A>: <I><SPAN STYLE=\"word-break: break-all;\"> please help me to solve this equation------------------                                                                                 How much must be placed in a five-month term deposit earning 4.5% simple interest in order to earn $510 interest? (Round your answer to the nearest cent.)                    </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #631169 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=631169\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  How much must be placed in a five-month term deposit earning 4.5% simple interest in order to earn $510 interest? (Round your answer to the nearest cent.) <BR>\n" );
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document.write( "I = P*r*t<BR>\n" );
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document.write( "510 = P*0.045*(5/12) <BR>\n" );
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document.write( "P = 510/(0.045(5/12))<BR>\n" );
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document.write( "P = 510/0.01875<BR>\n" );
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document.write( "P = $27,200.00<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "-------------  </SPAN>\n" );
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