document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=335734>Question 335734</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Why is simple interest rate of 13% on a loan for one year higher. Than a 1% interest rate on a monthly balance at the end of each month for one year\r<BR>\n" );
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document.write( "Thanky you\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #240763 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=240763\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1% per month for 12 months = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.01%5E12+=+1.1268503 ALIGN=MIDDLE  ALT=\"1.01%5E12+=+1.1268503\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "That's 12.68% interest.<BR>\n" );
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document.write( "As for \"why\", why is 7 more than 6?<BR>\n" );
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