document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=619521>Question 619521</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I sold my house I loaned the buyer 18000. They were supposed top pay me off in 5 years. They did not my question is how much do they owe me now it has been 10 years at 6% interest.    </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #389686 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=389686\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If you're using simple interest, then the interest they owe you is \r<BR>\n" );
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document.write( "I = Prt\r<BR>\n" );
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document.write( "I = 18000*0.06*10\r<BR>\n" );
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document.write( "I = 10800\r<BR>\n" );
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document.write( "So they owe you $10,800 in interest if the interest is simple interest.\r<BR>\n" );
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document.write( "So they owe you a total of 10800 + 18000 = 28800 dollars.\r<BR>\n" );
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document.write( "Note: I'm using t = 10 since ten years has passed. If they payed on time, then you would use t = 5 </SPAN>\n" );
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