document.write( "Question 1147443: A certain bank pays 12.5% per annum simple interest. How much money must a man have originally in the bank if he received $650 as interest in 2 years \n" ); document.write( "

Algebra.Com's Answer #768776 by ikleyn(52797) $\"\"$ $\"About$

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document.write( "From the condition, you have this equation for the interest after 2 years\r\n" );
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document.write( "    650 = X*0.125*t,     (1)\r\n" );
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document.write( "where X is the unknown amount under the question, t is the maturity time.\r\n" );
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document.write( "From this equation,    X =  =  = 2600 dollars.\r\n" );
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document.write( "ANSWER.  The original deposit was 2600 dollars.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved.\r
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\n" ); document.write( "\n" ); document.write( "Thanks to tutor @greenestamps for valuable note.\r
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\n" ); document.write( "\n" ); document.write( "To see many other similar solved problems on simple interest accounts, look into the lesson\r
\n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r
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