document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=124936>Question 124936</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A principal of $5000 was invested in a savings account for 4 years.  If the interest earned for the period was $400, what was the annual interest rate?   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #91579 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=91579\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A principal of $5000 was invested in a savings account for 4 years.  If the interest earned for the period was $400, what was the annual interest rate?  <BR>\n" );
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document.write( "I = Prt<BR>\n" );
document.write( "400 = 5000*r*4<BR>\n" );
document.write( "r = 400/(4*5000)<BR>\n" );
document.write( "r = 100/5000<BR>\n" );
document.write( "r = 1/50<BR>\n" );
document.write( "r = 0.02 or 2%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );