document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1038333>Question 1038333</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the total interest on a loan of k5400 for 2 years at 9.5 % if the interest is compounded quarterly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #653054 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><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=653054\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the interest is compounded quarterly, then it amounts to .095/4=.02375 per compounding period. Since there are 8 compounding periods total, then the total interest is 5400(1+.02375)^8-5400=k1115.46!!!!!!!!!! </SPAN>\n" );
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