document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=203887>Question 203887</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone please help me with this problem:\r<BR>\n" );
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document.write( "Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary.\r<BR>\n" );
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document.write( "A loan of $76,000 at 11% made on Feb 29 and due on June 30. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #153841 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=153841\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> March -- 31 days<BR>\n" );
document.write( "April -- 30 days<BR>\n" );
document.write( "May -- 31 days<BR>\n" );
document.write( "June -- 30 days\r<BR>\n" );
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document.write( "total days -- 122\r<BR>\n" );
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document.write( "interest = 76000 * 11% * 122/365 = 760 * 11 * 122/365 = 2794.30 </SPAN>\n" );
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