document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=102447>Question 102447</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hello, I think I'm on the right track, but is having problems understanding the formulas.... as for as what problems can the formula solve... my question is \"how much must you invest at 7%simple intrest to have a total of $8000 (principal + intrest) after 2 years?\"  the formla I used or is using to sove is: A=P(1 + rt)\r<BR>\n" );
document.write( "\n" );
document.write( "Can you assist me.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #74437 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=74437\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \"how much must you invest at 7% simple interest to have a total of $8000 (principal + interest) after 2 years?\" the formula I used or is using to solve is: A=P(1 + rt) <BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "8000= P(1+0.07*2)<BR>\n" );
document.write( "8000 = P(1.14)<BR>\n" );
document.write( "P = 8000/1.14<BR>\n" );
document.write( "P = $7017.54<BR>\n" );
document.write( "==============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );