document.write( "Question 1139781: Suppose you deposit ​$1500 in a savings account that pays interest at an annual rate of 5​%. If no money is added or withdrawn from the​ account, answer the following questions.
\n" ); document.write( "a. How much will be in the account after 3 ​years?
\n" ); document.write( "b. How much will be in the account after 16 ​years?
\n" ); document.write( "c. How many years will it take for the account to contain ​$2000​?
\n" ); document.write( "d. How many years will it take for the account to contain ​$2500​?
\n" ); document.write( "

Algebra.Com's Answer #760274 by josmiceli(19441)\"\" \"About 
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\"+I+=+P%2Ar%2At+\" ( simple interest formula )
\n" ); document.write( "a)
\n" ); document.write( "\"+I+=+1500%2A.05%2A3+\"
\n" ); document.write( "\"+I+=+1500%2A.15+\"
\n" ); document.write( "\"+I+=+225+\"
\n" ); document.write( "\"+I+%2B+P+=+225+%2B+1500+\"
\n" ); document.write( "\"+I+%2B+P+=+1725+\"
\n" ); document.write( "$1,725
\n" ); document.write( "-------------
\n" ); document.write( "b)
\n" ); document.write( "\"+I+=+1500%2A.05%2A16+\"
\n" ); document.write( "\"+I+=+1200+\"
\n" ); document.write( "\"+I+%2B+P+=+1200+%2B+1500+\"
\n" ); document.write( "\"+I+%2B+P+=+2700+\"
\n" ); document.write( "$2,700
\n" ); document.write( "--------------
\n" ); document.write( "c)
\n" ); document.write( "\"+2000+-+1500+=+500+\"
\n" ); document.write( "\"+500+=+1500%2A.05%2At+\"
\n" ); document.write( "\"+500+=+75t+\"
\n" ); document.write( "\"+t+=+6.667+\"
\n" ); document.write( "\"+.667%2A12+=+8+\" months
\n" ); document.write( "6 yrs 8 months
\n" ); document.write( "----------------
\n" ); document.write( "d)
\n" ); document.write( "\"+2500+-+1500+=+1000+\"
\n" ); document.write( "\"+1000+=+1500%2A.05%2At+\"
\n" ); document.write( "\"+1000+=+75t+\"
\n" ); document.write( "\"+t+=+13.333+\"
\n" ); document.write( "13 yrs 4 months
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