document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=228602>Question 228602</A>: <I><SPAN STYLE=\"word-break: break-all;\"> respected sir,<BR>\n" );
document.write( "plz help me to solve my math difficulty.\r<BR>\n" );
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document.write( "How much interest will $2400 earn at an annual rate of 8% in one year if the interest is compounded every 4 months?\r<BR>\n" );
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document.write( "waiting for yur reply.<BR>\n" );
document.write( "thank u.<BR>\n" );
document.write( "regars<BR>\n" );
document.write( "binita </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #169647 by </B><A HREF=/tutors/aboutme.mpl?userid=rapaljer><B>rapaljer(4671)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rapaljer><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=rapaljer><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=169647\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use the formula <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%29%5En ALIGN=MIDDLE  ALT=\"A=P%281%2Br%29%5En\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where<BR>\n" );
document.write( "A= Amount = Principle + Interest<BR>\n" );
document.write( "P= Principle which is $2400<BR>\n" );
document.write( "r= rate per period, which is .08/3 since there are 3 periods per year.<BR>\n" );
document.write( "n= number of periods, which is 3.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2400%2A%281%2B.08%2F3%29%5E3 ALIGN=MIDDLE  ALT=\"A=2400%2A%281%2B.08%2F3%29%5E3\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Using a calculator, you should get <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=+2597.17 ALIGN=MIDDLE  ALT=\"A=+2597.17\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Now to find the Interest, subtract the Principle.<BR>\n" );
document.write( "I= $2597.17-2400=$197.17\r<BR>\n" );
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document.write( "Dr. Robert J. Rapalje, Retired<BR>\n" );
document.write( "Seminole State College<BR>\n" );
document.write( "Altamonte Springs Campus </SPAN>\n" );
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