document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=857930>Question 857930</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Compute the principal for the following loan. Use ordinary interest when time is stated in days.<BR>\n" );
document.write( "Principal= unknown<BR>\n" );
document.write( "Rate=10.7%<BR>\n" );
document.write( "Time=90 days<BR>\n" );
document.write( "Interest=$5,350 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #516930 by </B><A HREF=/tutors/aboutme.mpl?userid=Seutip><B>Seutip(231)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Seutip><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=Seutip><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=516930\">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( "therefore,\r<BR>\n" );
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document.write( "P=I/rt\r<BR>\n" );
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document.write( "P=($5,350)/((.107)(90/360)) We use 360 because it's silent in the problem<BR>\n" );
document.write( "P=$5,350/0.02675<BR>\n" );
document.write( "P=$200,000\r<BR>\n" );
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document.write( "Hope that helps!\r<BR>\n" );
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