document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131500>Question 1131500</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A $3000 investment earns simple interest at 8% for 48 months. What is the difference in interest earned if it was compounded annually at 8% instead?\r<BR>\n" );
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document.write( "Thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #748174 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=748174\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I%5B1%5D+=+P%2Ar%2At+ ALIGN=MIDDLE  ALT=\"+I%5B1%5D+=+P%2Ar%2At+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I%5B1%5D+=+3000%2A.08%2A4+ ALIGN=MIDDLE  ALT=\"+I%5B1%5D+=+3000%2A.08%2A4+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I%5B1%5D+=+960+ ALIGN=MIDDLE  ALT=\"+I%5B1%5D+=+960+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+ ALIGN=MIDDLE  ALT=\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+3000%2A%28+1+%2B+.08%2F1+%29%5E%28+1%2A4+%29+ ALIGN=MIDDLE  ALT=\"+A+=+3000%2A%28+1+%2B+.08%2F1+%29%5E%28+1%2A4+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+3000%2A1.08%5E4+ ALIGN=MIDDLE  ALT=\"+A+=+3000%2A1.08%5E4+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+3000%2A1.3605+ ALIGN=MIDDLE  ALT=\"+A+=+3000%2A1.3605+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+4081.47+ ALIGN=MIDDLE  ALT=\"+A+=+4081.47+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I%5B2%5D+=+4081.47+-+3000+ ALIGN=MIDDLE  ALT=\"+I%5B2%5D+=+4081.47+-+3000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I%5B2%5D+=+1081.47+ ALIGN=MIDDLE  ALT=\"+I%5B2%5D+=+1081.47+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+1081.47+-+960+=+121.47+ ALIGN=MIDDLE  ALT=\"+1081.47+-+960+=+121.47+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$121.47 difference<BR>\n" );
document.write( "I'm assuming both interest rates are annual rates<BR>\n" );
document.write( "You can get a 2nd opinion also<BR>\n" );
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