document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=159360>Question 159360</A>: <I><SPAN STYLE=\"word-break: break-all;\"> suppose you borrow $1500 at 12% simple interest for 30 months. How much money would you owe at the end of that time ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #117491 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=117491\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> suppose you borrow $1500 at 12% simple interest for 30 months. How much money would you owe at the end of that time ?<BR>\n" );
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document.write( "A = P + Prt = P(1 + rt)<BR>\n" );
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document.write( "r = 0.12<BR>\n" );
document.write( "t = 30/12 = 2.5<BR>\n" );
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document.write( "A = 1500(1 + 0.12*2.5)<BR>\n" );
document.write( "A = 1500*1.3<BR>\n" );
document.write( "A = $1950<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );