document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=334060>Question 334060</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Lakisha owes her mechanic $1200 for a car repair.  If he charges her 0.8% simple interest per month, and she makes no payments the first year, how much interest will she owe after the first year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #239340 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=239340\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 0.8% per month = 12*0.8 % per year <BR>\n" );
document.write( "=9.6% per year.<BR>\n" );
document.write( "..<BR>\n" );
document.write( "I = p*r*t<BR>\n" );
document.write( "I=1200*0.096*1<BR>\n" );
document.write( "=$ 115.2 at the end of the year.<BR>\n" );
document.write( " </SPAN>\n" );
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