document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1049581>Question 1049581</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The simple interest on a certain sum of money for 3 years at 12% p.a is $6750. What will the be the compound interest on that sum at the same rate for the same period ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #665346 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><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=665346\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the balance of your account is n, and the interest rate is r, then at the end of 3 years you will have: n x 3r. Calculating compound interest, your balance at the end of 3 years will be n x (1+r)^3. &#9786;&#9786;&#9786;&#9786; <BR>\n" );
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