document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=826366>Question 826366</A>: <I><SPAN STYLE=\"word-break: break-all;\"> amelia has a balance of $1289.56 on a credit card with an annual percentage rate(APR) of 21.9%. the minimum payment required in the current statement is $27.23. find the amount of interest and the amount applied to reduce the principal in this payment and the balance after this peyment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #498059 by </B><A HREF=/tutors/aboutme.mpl?userid=KMST><B>KMST(5328)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=KMST><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=KMST><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=498059\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the balance was $1289.56 for a month, the interest can be calculated as<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%2221.9+%25%22%2F12 ALIGN=MIDDLE  ALT=\"%2221.9+%25%22%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > times $1289.56.<BR>\n" );
document.write( "That is $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1289.56%2A0.219%2F12 ALIGN=MIDDLE  ALT=\"1289.56%2A0.219%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" >= $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=23.53 ALIGN=MIDDLE  ALT=\"23.53\"   DISABLED_style= \"max-width:90%; height:auto;\" > .<BR>\n" );
document.write( "So the interest would be $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%2823.53%29 ALIGN=MIDDLE  ALT=\"highlight%2823.53%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > ,<BR>\n" );
document.write( "the amount applied to reduce the principal in this payment would be<BR>\n" );
document.write( "$27.23 - $23.53 = $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28%223.70%22%29 ALIGN=MIDDLE  ALT=\"highlight%28%223.70%22%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > ,<BR>\n" );
document.write( "and the balance after this payment would be<BR>\n" );
document.write( "$1289.56 - $3.70 = $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%281285.86%29 ALIGN=MIDDLE  ALT=\"highlight%281285.86%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > . </SPAN>\n" );
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