document.write( "Question 1129443: Your rich uncle just gave you a gift of $40,000. You are investing this money for 15 years at 7 percent simple interest. How much money will you have at the end of the 15 years? \n" ); document.write( "

Algebra.Com's Answer #746021 by ikleyn(52786) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "40000*(1 + 0.07*15) dollars.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Use your calculator.\r
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\n" ); document.write( "\n" ); document.write( "Notice that @Boreal misread the problem and gave the solution and the answer not for the simple interest, but for compounded account.\r
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