document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=935513>Question 935513</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Your credit card charges interest of 1.2 percent per month. What is the annual percentage rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #568747 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=568747\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Your credit card charges interest of 1.2 percent per month. What is the annual percentage rate?<BR>\n" );
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document.write( "If it's simple, 1.2*12 = 14.4%<BR>\n" );
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document.write( "If it's compounded monthly, it's 1 - (1 + 0.012)^12 = 15.3895% </SPAN>\n" );
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