document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1126063>Question 1126063</A>: <I><SPAN STYLE=\"word-break: break-all;\"> David's change account cost him 0.8% annual interest. How much interest would he owe on 7000 in 10 months? How much will he pay in all? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #742391 by </B><A HREF=/tutors/aboutme.mpl?userid=Alex.33><B>Alex.33(110)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alex.33><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=Alex.33><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=742391\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I have to assume it is simple interest, otherwise without how long it is compounded it is impossible to regard as compound interest (cannot solve the problem). <BR>\n" );
document.write( "Begin.<BR>\n" );
document.write( "Owe: 7000*(0.8%)*(10/12)=46.667 unit currency. (approximately)<BR>\n" );
document.write( "Pay:7046.667 unit currency. (approximately)\r<BR>\n" );
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document.write( "Hope this helps, keep calm and learn maths! </SPAN>\n" );
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