document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204308>Question 1204308</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.<BR>\n" );
document.write( "Principal= $9000<BR>\n" );
document.write( "Rate= 5%<BR>\n" );
document.write( "Compounded= annually<BR>\n" );
document.write( "Time= 5 years\r<BR>\n" );
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document.write( "A.  Find how much money there will be in the account after the given number of years.<BR>\n" );
document.write( "B.  Find the interest earned. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #840476 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=840476\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.<BR>\n" );
document.write( "Principal= $9000<BR>\n" );
document.write( "Rate= 5%<BR>\n" );
document.write( "Compounded= annually<BR>\n" );
document.write( "Time= 5 years\r<BR>\n" );
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document.write( "A. Find how much money there will be in the account after the given number of years.<BR>\n" );
document.write( "B. Find the interest earned.\r<BR>\n" );
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document.write( "Compound Interest formula \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%281%2B%28r%2Fn%29%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+P%281%2B%28r%2Fn%29%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "A = the future amount of money<BR>\n" );
document.write( "P = the principal amount= ($9,000)<BR>\n" );
document.write( "r = the annual interest   5%  = 0.05<BR>\n" );
document.write( "n =  n = 1)<BR>\n" );
document.write( "t = (5 years)<BR>\n" );
document.write( "Plug the values in the formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+9000%2A%281%2B%280.05%29%29%5E%285%29 ALIGN=MIDDLE  ALT=\"A+=+9000%2A%281%2B%280.05%29%29%5E%285%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "= 11486.53 \r<BR>\n" );
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document.write( "There will be  $11,486.53 in the account after 5 years.\r<BR>\n" );
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document.write( " subtract the principal from the future amount to get interest. \r<BR>\n" );
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document.write( " </SPAN>\n" );
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