document.write( "Question 1181210: Graduation is 3 years away and you want to have $1150 available for a trip.If your bank is offering a 3-year CD (certificate of deposit) paying 3.6% simple interest, how much do you need to put in this CD to have the money for your trip? \n" ); document.write( "
Algebra.Com's Answer #811077 by ikleyn(52786)\"\" \"About 
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\n" ); document.write( "Graduation is 3 years away and you want to have $1150 available for a trip.
\n" ); document.write( "If your bank is offering a 3-year CD (certificate of deposit) paying 3.6% simple interest,
\n" ); document.write( "how much do you need to put in this CD to have the money for your trip?
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document.write( "You write the simple interest equation as you read the text\r\n" );
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document.write( "    1150 = x*(1+0.036*3)\r\n" );
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document.write( "From this equation, you find \r\n" );
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document.write( "    x = \"1150%2F%281%2B0.036%2A3%29\" = 1037.91 dollars.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar  (and different)  solved problems on simple interest accounts,  look into the lesson\r
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