document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=16672>Question 16672</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Orla puts $37,000 in a 3 month term-deposit, earning a simple interest rate of 4.25% pa. After the 3 months, she then takes the principal and the interest from the first investment and puts it in another term-deposit with exactly the same conditions.\r<BR>\n" );
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document.write( "a) What amount of interest would be earned on the first term-deposit<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #8131 by </B><A HREF=/tutors/aboutme.mpl?userid=mini_s><B>mini_s(2)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mini_s><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=8131\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> principal = $37000<BR>\n" );
document.write( "rate      = 4.25% pa<BR>\n" );
document.write( "time      = 3/12 \r<BR>\n" );
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document.write( "Interest amount = principal x rate x time \r<BR>\n" );
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document.write( "                = 37000 x 4.25/100 x 3/12<BR>\n" );
document.write( "                = 393.125<BR>\n" );
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