document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=735075>Question 735075</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Okay, so I am a very slow learner, and I find it hard to learn things myself if I do not have a fully worked example infront of me.\r<BR>\n" );
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document.write( "We have just moved onto exam prep and I am revising simple interest\r<BR>\n" );
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document.write( "The question is<BR>\n" );
document.write( "At what rate must $24 000 be invested to earn $180 per month?\r<BR>\n" );
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document.write( "My working so far consists of\r<BR>\n" );
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document.write( "180 = 24000 x R x T\r<BR>\n" );
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document.write( "The text book has given us T (time)... being 1/2 I know how to solve, I am just very confused at to why the time is 1/2?\r<BR>\n" );
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document.write( "Thank you so much<BR>\n" );
document.write( "Kate \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449271 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=449271\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P= Principal <BR>\n" );
document.write( "r= rate percent per year<BR>\n" );
document.write( "t= time in years<BR>\n" );
document.write( "I= interest earned \r<BR>\n" );
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document.write( "you need 180 per month\r<BR>\n" );
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document.write( "180*12= 2160 per year\r<BR>\n" );
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document.write( "The formula is<BR>\n" );
document.write( "I = P * R * T\r<BR>\n" );
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document.write( "2160 = 24000 *R *1  ( 1 year)\r<BR>\n" );
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document.write( "=0.09 \r<BR>\n" );
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document.write( "0.09*100 = 9%\r<BR>\n" );
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document.write( "You have to invest at 9%\r<BR>\n" );
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document.write( "CHECK\r<BR>\n" );
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document.write( "If I invest $24000 @9% for 1 year\r<BR>\n" );
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document.write( "24000 * 0.09<BR>\n" );
document.write( "=2160<BR>\n" );
document.write( "2160/12= 180 per month\r<BR>\n" );
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