document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1176672>Question 1176672</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Determine the present value P you must invest to have the future value A at simple interest rate r after time t.<BR>\n" );
document.write( "A = ​$9000.00​, r​ = ​$10.5%, t​ = 6 months<BR>\n" );
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document.write( "​$__ (Round up to the nearest​ cent as needed.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #803977 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52782)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=803977\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Determine the present value P you must invest to have the future value A at simple interest rate r after time t.<BR>\n" );
document.write( "A = ​$9000.00​, r​ = ​$10.5%, t​ = 6 months<BR>\n" );
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document.write( "​$__ (Round up to the nearest​ cent as needed.)<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;@ewatrrr solved the problem INCORRECTLY.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;She mistakenly used the formula for the compound account, \r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;although the problem asked to find the solution for a simple interest.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I came to bring a correct solution.\r<BR>\n" );
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document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">\r\n" );
document.write( "A = P*(1+r*t)\r\n" );
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document.write( "9000 = P*(1 + 0.105*0.5)     (0.5 represents half of an year)\r\n" );
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document.write( "9000 = P*1.0525\r\n" );
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document.write( "P = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=9000%2F1.0525 ALIGN=MIDDLE  ALT=\"9000%2F1.0525\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 8551.07 dollars.     <U>ANSWER</U>\r\n" );
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document.write( "Solved.\r<BR>\n" );
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document.write( "To see many other similar and/or different solved problems on simple interest accounts, &nbsp;look into the lesson\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> \r<BR>\n" );
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document.write( "in this site.\r<BR>\n" );
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