document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1019605>Question 1019605</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The new balance after month one is 4950. These questions are about month two. Only enter numbers in your answer. No $ or %. The decimal is accepted. Be sure the % sign on your calculator to get the correct answer for these questions, but do not use a % sign in your answer<BR>\n" );
document.write( "1-monthly interest percentage (round to two decimal places), 1.8333 would be what if rounded to two decimal places to the right?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #635551 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=635551\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  The new balance after month one is 4950. These questions are about month two. Only enter numbers in your answer. No $ or %. The decimal is accepted. Be sure the % sign on your calculator to get the correct answer for these questions, but do not use a % sign in your answer<BR>\n" );
document.write( "1-monthly interest percentage (round to two decimal places), 1.8333 would be what if rounded to two decimal places to the right? <BR>\n" );
document.write( "-----<BR>\n" );
document.write( "Assuming your are using simple interest::<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "1st month:: A(1/12) = 4950 = P(1+(r/12)<BR>\n" );
document.write( "2nd month:: A(2/12) = 4950(1+(2r/12) = 4950(1+(r/6))<BR>\n" );
document.write( "------------------------<BR>\n" );
document.write( "1.8333 percent = 1.8333/100 = 0.018333 = 0.02 if rounded to 2 decimal places<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" );