document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1159852>Question 1159852</A>: <I><SPAN STYLE=\"word-break: break-all;\"> To buy a laptop computer, Aline wants to borrow $2000 for 3 years. She lives near two banks.<BR>\n" );
document.write( "The first bank offers the amount with a 5% simple interest rate.<BR>\n" );
document.write( "1. How much interest will she pay at the end of the third year at an annual simple interest<BR>\n" );
document.write( "rate of 5%? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #782940 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=782940\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( " If Aline borrows $2000 for 3 years.\r<BR>\n" );
document.write( "\n" );
document.write( "Principal P = 2000<BR>\n" );
document.write( "Time n =3 years<BR>\n" );
document.write( "rate of interest =5%\r<BR>\n" );
document.write( "\n" );
document.write( "Interest = P *n*r\r<BR>\n" );
document.write( "\n" );
document.write( "= 2000*3*0.05<BR>\n" );
document.write( "=300 \r<BR>\n" );
document.write( "\n" );
document.write( "She has to pay $ 3,300 at the end of 3 years\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );