document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1026201>Question 1026201</A>: <I><SPAN STYLE=\"word-break: break-all;\"> On your birthday, you placed $500 in an account bearing 6% simple interest per<BR>\n" );
document.write( "year. One year later, you placed another $500 in the same account. How much is in the account one year after that? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #642633 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=642633\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple interest is found by<BR>\n" );
document.write( "I = Prt<BR>\n" );
document.write( "We will add the two investments.<BR>\n" );
document.write( "I = 500(.06)(2) + 500(.06)(1) = 90<BR>\n" );
document.write( "Thus you will have<BR>\n" );
document.write( "$1090 in your account after the two years. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );