document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1149453>Question 1149453</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Madison invested in a certificate of deposit for 4 years at a 6% interest rate. At the end of the 4 years , the value of the certificate of deposit was $ 3,100. How much did Madison deposit originally? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #770791 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=770791\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Assume simple interest<BR>\n" );
document.write( "i=prt<BR>\n" );
document.write( "4 years at a 6% interest rate is 0.24x interest, where x is the principal.<BR>\n" );
document.write( "therefore, starting principal x +0.24x interest =3100<BR>\n" );
document.write( "this is 1.24 x=$3100<BR>\n" );
document.write( "x=$2500 starting principal </SPAN>\n" );
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