document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=102893>Question 102893</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #74844 by </B><A HREF=/tutors/aboutme.mpl?userid=jayanthihemkos@yahoo.com><B>jayanthihemkos@yahoo.com(87)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jayanthihemkos@yahoo.com><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=74844\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?\r<BR>\n" );
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document.write( "Principal  P= $8200\r<BR>\n" );
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document.write( "TIme N  = 1 year\r<BR>\n" );
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document.write( "Rate of interest  R = 15%\r<BR>\n" );
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document.write( "Simple interest = PNR/100\r<BR>\n" );
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document.write( "                = 8,200*1*15/100\r<BR>\n" );
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document.write( "               = 123000/100\r<BR>\n" );
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document.write( "              = $1,230\r<BR>\n" );
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document.write( "Hence the simple interest = 1,230 </SPAN>\n" );
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