document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=762942>Question 762942</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sorry but I cant get it right (and Im weak in math)<BR>\n" );
document.write( "I have a loan for 21200 and I have to pay 400$ monthly for 6 years. total of 28800<BR>\n" );
document.write( "so the question is how much percent / value  interest I am paying back?\r<BR>\n" );
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document.write( "Thanks and regards </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #464364 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10552)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><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=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=464364\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Sorry but I cant get it right (and Im weak in math)<BR>\n" );
document.write( "I have a loan for 21200 and I have to pay 400$ monthly for 6 years. total of 28800<BR>\n" );
document.write( "so the question is how much percent / value  interest I am paying back?\r<BR>\n" );
document.write( "\n" );
document.write( "Thanks and regards\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=SI+=+PTR ALIGN=MIDDLE  ALT=\"SI+=+PTR\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "SI, or simple interest = 28,800 - 21,200, or $7,600<BR>\n" );
document.write( "P = $21,200<BR>\n" );
document.write( "T = 6 (in years)<BR>\n" );
document.write( "R = annual interest rate\r<BR>\n" );
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document.write( "We then get: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=7600+=+21200%286%29%28R%29 ALIGN=MIDDLE  ALT=\"7600+=+21200%286%29%28R%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > ----- <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=7600+=+127200R ALIGN=MIDDLE  ALT=\"7600+=+127200R\"   DISABLED_style= \"max-width:90%; height:auto;\" > ------ <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=R+=+7600%2F127200 ALIGN=MIDDLE  ALT=\"R+=+7600%2F127200\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "R, or annual interest rate = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.059748428 ALIGN=MIDDLE  ALT=\"0.059748428\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0597 ALIGN=MIDDLE  ALT=\"0.0597\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight_green%285.97%29 ALIGN=MIDDLE  ALT=\"highlight_green%285.97%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >%\r<BR>\n" );
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document.write( "You can do the check!! \r<BR>\n" );
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document.write( "Further help is available, online or in-person, for a fee, obviously. Send comments, “thank-yous,” and inquiries to “D” at MathMadEzy@aol.com </SPAN>\n" );
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