document.write( "Question 476539: A FARMER BORROWED 50,000 PESOS FROM THE BANK IN ORDER TO BUY FARM MACHINERIES. WHAT IS THE INTEREST IF THE LOAN IS PAYABLE IN 5 YEARS IN THE RATE OF 10%COMPOUNDED SEMI- ANNUALLY? \n" ); document.write( "
Algebra.Com's Answer #326736 by robertb(5830)\"\" \"About 
You can put this solution on YOUR website!
The balance is given by the formula \"B+=+P%281%2Br%2Fn%29%5E%28nt%29\"\r
\n" ); document.write( "\n" ); document.write( "==> \"B+=+50000%281%2B0.10%2F2%29%5E%282%2A5%29+=+50000%2A1.05%5E10+=+81444.73\"\r
\n" ); document.write( "\n" ); document.write( "==> the interest is 81,444.73 - 50,000 = 31,444.73
\n" ); document.write( "
\n" );