document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1108533>Question 1108533</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If $500 is invested at a rate of 4% for 3 years, find the simple interest earned and the amount. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #723530 by </B><A HREF=/tutors/aboutme.mpl?userid=math_helper><B>math_helper(2461)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_helper><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=math_helper><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=723530\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple interest = principal * interest rate<BR>\n" );
document.write( " I = P*r\r<BR>\n" );
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document.write( "  I = 500*0.04 = 20  (so $20 per year is earned in simple interest)\r<BR>\n" );
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document.write( "For 3 years, the total simple interest earned is 3*($20) = $60.\r<BR>\n" );
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document.write( "覧覧覧覧覧覧覧覧覧覧覧覧予r<BR>\n" );
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document.write( " </SPAN>\n" );
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