document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=502983>Question 502983</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the interest on $5000  at 10% for 15 months? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #339038 by </B><A HREF=/tutors/aboutme.mpl?userid=jrb1965><B>jrb1965(16)</B></A><img src=\"/images/stars/stars-06.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jrb1965><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=339038\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Since there are no additional details, lets assume that the interest rate is an annual interest rate and that it is simple interest - no compounding.  If the interest rate is 10% per year (12 months) that becomes 12.5% for 15 months\r<BR>\n" );
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document.write( "10% * 15/12 = 12.5%\r<BR>\n" );
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document.write( "Multiply that by the $5000\r<BR>\n" );
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document.write( "$5000 * 12.5/100 = $625\r<BR>\n" );
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document.write( "So the simple interest at that annual rate would be $625 </SPAN>\n" );
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