document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1165915>Question 1165915</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You have $2,000 to invest, and want it to grow to $3,000 in two years. What interest rate<BR>\n" );
document.write( "would you need to find to make this possible? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #790646 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=790646\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> With simple interest I=prt and need 1000 of interest in 2 years,<BR>\n" );
document.write( "I=prt<BR>\n" );
document.write( "1000=2000*2*r<BR>\n" );
document.write( "1000/4000=r<BR>\n" );
document.write( "r=0.25 or 25%.\r<BR>\n" );
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document.write( "For compounding, need a different formula but done basically the same way. </SPAN>\n" );
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