document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=729739>Question 729739</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the beginning of June is: (Use 360 days) (Points : 1)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #446239 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=446239\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I = Prt\r<BR>\n" );
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document.write( "400 = P*(0.085)*(30/360) ... Note: there are 30 days in june\r<BR>\n" );
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document.write( "400 = P*(0.085)*(0.08333333333333)\r<BR>\n" );
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document.write( "400 = P*0.00708333333333\r<BR>\n" );
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document.write( "400/0.00708333333333 = P\r<BR>\n" );
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document.write( "56470.5882353207 = P\r<BR>\n" );
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document.write( "P = 56470.5882353207\r<BR>\n" );
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document.write( "P = 56470.59\r<BR>\n" );
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document.write( "This is the principal balance at the beginning of June </SPAN>\n" );
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