document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=433890>Question 433890</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jill gets a loan at 8% simple interest for 5 years, The loan accumulates $400 in interest, what was the principle amount of the loan?<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 #300730 by </B><A HREF=/tutors/aboutme.mpl?userid=Sarpi><B>Sarpi(32)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Sarpi><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=Sarpi><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=300730\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A simple interest loan;<BR>\n" );
document.write( "Time(T)= 5yrs, Rate(R)= 8%, Interest(I)= $400, Principal(P)= ?\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=%28I%2A100%29%2F%28R%2AT%29 ALIGN=MIDDLE  ALT=\"P=%28I%2A100%29%2F%28R%2AT%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > derived from the Simple Interest (SI) formula; <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=I=%28P%2AR%2AT%29%2F100 ALIGN=MIDDLE  ALT=\"I=%28P%2AR%2AT%29%2F100\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "Thus <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=%28400%2A100%29%2F%288%2A5%29 ALIGN=MIDDLE  ALT=\"P=%28400%2A100%29%2F%288%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > which is equal to 1000.<BR>\n" );
document.write( "Therefore, the principal is $1,000.\r<BR>\n" );
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document.write( "Checking with the SI formula; <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=I=%28P%2AR%2AT%29%2F100 ALIGN=MIDDLE  ALT=\"I=%28P%2AR%2AT%29%2F100\"   DISABLED_style= \"max-width:90%; height:auto;\" >.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=I=%281000%2A8%2A5%29%2F100 ALIGN=MIDDLE  ALT=\"I=%281000%2A8%2A5%29%2F100\"   DISABLED_style= \"max-width:90%; height:auto;\" > which is exactly equal to the interest in question ($400). </SPAN>\n" );
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