document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1137956>Question 1137956</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ricky Wow invested $20 000 and the interest was compounded bi-monthly. If this sum<BR>\n" );
document.write( "amounts to $30 000 after 3.5 years, what is the interest rate?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #755824 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=755824\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Note the more common meaning of \"bi-monthly\" is every two months -- not twice a month.<br><BR>\n" );
document.write( "If that is the problem you want an answer for, use the calculations shown by the other two tutors but replace the \"24\" (24 times a year; i.e., twice each month) with \"6\" (6 times a year; i.e., once every two months). </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );