document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=826376>Question 826376</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hello I have been trying for hours to solve this problem and I just cant. The problem is as follows:\r<BR>\n" );
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document.write( "Brian borrowed $7,120.85 from the bank at a simple rate of 8% for 5y.\r<BR>\n" );
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document.write( "FIND: a) The interest after 5y<BR>\n" );
document.write( "      b) The total payment after 5y\r<BR>\n" );
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document.write( "Thank you! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #498062 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=498062\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the interest is simple interest,<BR>\n" );
document.write( "each year 8% =(8/100=0.08}}} of the original $7,120.85 loan amount would be accrued.<BR>\n" );
document.write( "a) Over 5 years the interest accrued would be 5 times that, or<BR>\n" );
document.write( "$<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5%2A0.08%2A7120.85 ALIGN=MIDDLE  ALT=\"5%2A0.08%2A7120.85\"   DISABLED_style= \"max-width:90%; height:auto;\" >= $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%282848.34%29 ALIGN=MIDDLE  ALT=\"highlight%282848.34%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > .<BR>\n" );
document.write( "b) If no payments were due over the 5 years, and the loan is paid all at once after exactly 5 years, the total payment is<BR>\n" );
document.write( "$7120.85 + $2848.34 = $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%289969.19%29 ALIGN=MIDDLE  ALT=\"highlight%289969.19%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > . </SPAN>\n" );
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