document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=125491>Question 125491</A>: <I><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "You deposit $1200 into a  savings account that earns 3% interest compounded anually. Find the balance of the account after 2 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #91957 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><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=91957\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p(1+r)^t where p=the principle r=annual rate & t=number of years.<BR>\n" );
document.write( "1200(1+.03)^2<BR>\n" );
document.write( "1200(1.03)^2<BR>\n" );
document.write( "1200*1.0609=$1,273 is the amount after 2 years. </SPAN>\n" );
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