document.write( "Question 1022707: A finance company charges $55 simple interest on a sum of money which is borrowed for five months. Given that the rate of interest is 12% per annum, what is the sum of money. \n" ); document.write( "
Algebra.Com's Answer #638349 by robertb(5830)\"\" \"About 
You can put this solution on YOUR website!
\"I+=+Prt\" ==> \"55=P%2A0.12%2A%285%2F12%29\" ==> \"P+=+%2855%2A12%29%2F%280.12%2A5%29+=+1100\"\r
\n" ); document.write( "\n" ); document.write( "==> A = P+I = $1,100 + $55 = $\"highlight%281155%29\"
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