document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=464671>Question 464671</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The Carlisles borrowed $94,000 to buy their first home. The interest rate on their loan was 7.5% for 20 years. How much interest will they have paid after 20 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #318323 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=318323\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Is it simple or compounded interest?  <BR>\n" );
document.write( "If it's only simple interest, then I = Prt = 94,000*0.075*20 = 141,000.<BR>\n" );
document.write( "(Note that the interest amount is even bigger than the principal.) </SPAN>\n" );
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