document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=694897>Question 694897</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bank in houston loans $40,000 to a business at 12.5 % annual simple interest for 15 months. How much interest will the bank earn?\r<BR>\n" );
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document.write( "The answer I got was $6500. I gues the answer really was $6250. I multiplied the 40,000 by 12.5% and then multiplied that by 1.3 for the 15 months. That is where I messed up. I know 12 months is a year, but I am having troubles with it. Can you please help me understand? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #428244 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=428244\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 15 months isn't 1.3 yrs, it's 1.25 years, use that and you will get it right. </SPAN>\n" );
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