document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1106213>Question 1106213</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jamie just paid off a loan he took out six months ago at 12% simple annual interest. He paid $3,816.00, which was the sum of the principal and the simple interest accrued over the length of the loan.  What was the amount of principal he borrowed? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #721180 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=721180\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> principal of loan is Po<BR>\n" );
document.write( "P=Po*0.12*0.5, I=PRT<BR>\n" );
document.write( "Po+Interest=3816<BR>\n" );
document.write( "Po+0.06Po=3816<BR>\n" );
document.write( "1.06Po=3816<BR>\n" );
document.write( "Po=$3600.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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