document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=958533>Question 958533</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I borrow $1200 to buy an item and pay 8.7% of simple interest over a period of 6 years, how much interest is paid?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #585800 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=585800\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If I borrow $1200 to buy an item and pay 8.7% of simple interest over a period of 6 years, how much interest is paid?<BR>\n" );
document.write( "---------------<BR>\n" );
document.write( "I = Prt<BR>\n" );
document.write( "I = 1200*0.087*6 = $626.40<BR>\n" );
document.write( "-----------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "--------- </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );