document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1040113>Question 1040113</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Layla has $30 in a savings account. The interest rate is 5%, compounded annually.\r<BR>\n" );
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document.write( "To the nearest cent, how much interest will she earn in 2 years? </SPAN>\n" );
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document.write( "Layla has $30 in a savings account. The interest rate is 5%, compounded annually.\r<BR>\n" );
document.write( "\n" );
document.write( "To the nearest cent, how much interest will she earn in 2 years?<BR>\n" );
document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">If she takes out the $1.50 interest after the 1st year, then it'll be $1.50 for the 1st year and $1.50 for the 2nd year for a total of $3.00.<BR>\n" );
document.write( "If she leaves the interest earned after the 1st year in the account, then the deposit and interest will COMPOUND, and the amount in the account<BR>\n" );
document.write( "after 2 years would be $33.075, which makes the interest $3.075 &#8776; $3.08 </SPAN>\n" );
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