document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1189955>Question 1189955</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find how much interest $10,000 earns in 2 years in a certificate of deposit paying 7.5% interest compound quarterly </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #821471 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=821471\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "r = R/100<BR>\n" );
document.write( "r = 7.5/100<BR>\n" );
document.write( "r = 0.075 rate per year,\r<BR>\n" );
document.write( "\n" );
document.write( " Amount<BR>\n" );
document.write( "A = P(1 + r/n)^nt<BR>\n" );
document.write( "A = 10,000.00(1 + 0.075/4)^(4)(2)<BR>\n" );
document.write( "A = 10,000.00(1 + 0.01875)^(8)<BR>\n" );
document.write( "A = $11,602.22<BR>\n" );
document.write( "A-P = Interest<BR>\n" );
document.write( "$1602.22 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );