document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1133124>Question 1133124</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 330 days was $27,514.91<BR>\n" );
document.write( "Calculate the principal amount invested<BR>\n" );
document.write( "calculate the interest earned\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #750325 by </B><A HREF=/tutors/aboutme.mpl?userid=Alex.33><B>Alex.33(110)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alex.33><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=Alex.33><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=750325\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $27,514.91=p+e<BR>\n" );
document.write( "e=p*(4%*330/365)<BR>\n" );
document.write( "solve for p and e. p=$26554.58; e=$960.33.<BR>\n" );
document.write( "the principal amount invested is approximately $26554.58.<BR>\n" );
document.write( "the interest earned is approximately $959.25. </SPAN>\n" );
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