document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025600>Question 1025600</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1)Sara has $3000 to invest for 2 years.<BR>\n" );
document.write( "She invests the money in a bank which pays simple interest at the rate of 7.5 % per year.<BR>\n" );
document.write( "Calculate how much interest she will have at the end of the 2 years.<BR>\n" );
document.write( "please explain your answers!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #640898 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=640898\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Sara has $3000 to invest for 2 years.<BR>\n" );
document.write( "She invests the money in a bank which pays simple interest at the rate of 7.5 % per year.<BR>\n" );
document.write( "Calculate how much interest she will have at the end of the 2 years.<BR>\n" );
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document.write( "I = P*r*t<BR>\n" );
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document.write( "I = 3000*0.075*2<BR>\n" );
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document.write( "I = 3000*0.15<BR>\n" );
document.write( "I = 15*30 = $450<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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