document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1051988>Question 1051988</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money in dollars should a person deposit in a 6-months certificate of deposit CD that earns 5% simple interest in order to have $3000 when the CD matures at the end of the 6 months? Round your answer up to the nearest cent. (Enter a number.)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #667414 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=667414\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Amount = Principal(1+r/n)^nt<BR>\n" );
document.write( "Using your numbers:<BR>\n" );
document.write( "3000 = x(1+0.05/2)^1<BR>\n" );
document.write( "3000 = x1.25<BR>\n" );
document.write( "2400 = x<BR>\n" );
document.write( "or<BR>\n" );
document.write( "x = 2400 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );