document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1126480>Question 1126480</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Raimo borrowed $870 from Chris on October 17 and agreed to repay the debt with simple interest at the rate of 5.5% on May 22.<BR>\n" );
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document.write( "How much interest was owed on May 22? Assume that February has 28 days. (Round your answer to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #742955 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=742955\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> That is 217 days of (217/365) or 0.595 of a year<BR>\n" );
document.write( "interest was prt or $870*0.055*0.595=$28.47 ANSWER<BR>\n" );
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