document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1189625>Question 1189625</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I've invested $800 for 7 years at 6% simple interest.\r<BR>\n" );
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document.write( "A) How much interest was earned?\r<BR>\n" );
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document.write( "B) What will the total value of the investment be when it matures at the end of the 7 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #821036 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=821036\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6% simple interest formula is:\r<BR>\n" );
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document.write( "i = p * r * n\r<BR>\n" );
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document.write( "i = interest<BR>\n" );
document.write( "p = principal<BR>\n" );
document.write( "r = interest rate per time period<BR>\n" );
document.write( "n = number of time periods.\r<BR>\n" );
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document.write( "formula becomes:\r<BR>\n" );
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document.write( "i = 800 * .06 * 7 = 336.\r<BR>\n" );
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document.write( "value of the investment will be 800 + 336 = 1136.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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