document.write( "Question 1176028: You deposit $790 into an account paying 4.1% simple interest.
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document.write( "(a) How much interest will you earn in 6 years?
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document.write( "(b) How much is in the account at the end of 6 years? \n" );
document.write( "
Algebra.Com's Answer #801917 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "You deposit $790 into an account paying 4.1% simple interest. \n" ); document.write( "(a) How much interest will you earn in 6 years? \n" ); document.write( "(b) How much is in the account at the end of 6 years? \n" ); document.write( "~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " This problem asks about the simple interest,\r \n" ); document.write( "\n" ); document.write( " but for unknown reason, @ewatrrr produces the solution for the compounded interest.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " Surely, and it is clear to you even without my explanations, her solution is IRRELEVANT.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " I came to bring a correct solution.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "(a) Simple interest in 6 years is I = Prt = 790*0.041*6 = 194.34 dollars.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "(b) In 6 years, the amount at the account will be \r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " 790.00 + 194.34 = 984.34 dollars.\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "Solved, answered and explained. And completed.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For your safety, ignore the post by @ewatrrr.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |