document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=310871>Question 310871</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the amount borrowed on a 24 month loan at 5 3/4% if $368 in interest was paid </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #222347 by </B><A HREF=/tutors/aboutme.mpl?userid=mollukutti><B>mollukutti(30)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mollukutti><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=mollukutti><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=222347\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Basic Facts:<BR>\n" );
document.write( "Interest = (Principal x Time x Rate) / 100<BR>\n" );
document.write( "Principal = (I x 100)/ (Time x Rate)\r<BR>\n" );
document.write( "\n" );
document.write( "Here Interest = 368<BR>\n" );
document.write( "Rate = 5.75 (converted the fraction to decimal)<BR>\n" );
document.write( "Time = 24 mths = 2 yrs\r<BR>\n" );
document.write( "\n" );
document.write( "Principal = (368 x100)/ (2 x 5.75)<BR>\n" );
document.write( "= (368 x 100)/ 11.5<BR>\n" );
document.write( "= 16000\r<BR>\n" );
document.write( "\n" );
document.write( "Amount = Principal + Interest<BR>\n" );
document.write( "= 16000 + 368<BR>\n" );
document.write( "= 16368 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );