document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1021412>Question 1021412</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bill deposits <BR>\n" );
document.write( "$700<BR>\n" );
document.write( " into an account that pays simple interest at a rate of <BR>\n" );
document.write( "3%<BR>\n" );
document.write( " per year. How much interest will he be paid in the first <BR>\n" );
document.write( "4<BR>\n" );
document.write( " years? <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 #637141 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=637141\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Bill deposits $700into an account that pays simple interest at a rate of 3%per year. <BR>\n" );
document.write( "How much interest will he be paid in the first 4 years?<BR>\n" );
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document.write( "Interest = P*r*t = 700*0.03*4 = 700*0.12 = 12*7 = $84.00<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "</TD></TR></TABLE>\n" );