document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1031222>Question 1031222</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How many days will it take for a sum of $1300 to earn $8 interest if it is deposited in a bank paying simple interest at the rate of 4%/year? <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 #645963 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=645963\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  How many days will it take for a sum of $1300 to earn $8 interest if it is deposited in a bank paying simple interest at the rate of 4%/year? <BR>\n" );
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document.write( "I = P*r*t<BR>\n" );
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document.write( "8 = 1300*0.04*t<BR>\n" );
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document.write( "8 = 52t<BR>\n" );
document.write( "t = 2/13 yrs = (2/13)365 days = 56.13 days<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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