document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1144762>Question 1144762</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man bought a house at $350,000. He paid 20% of the cost from his own resources and the rest with a loan he took from the bank at 7% simple interest per annum for 8 years. Calculate the;<BR>\n" );
document.write( "(a) total cost of the house to the man.<BR>\n" );
document.write( "(b) percentage increase in the cost of the house as a result of the loan.<BR>\n" );
document.write( "(c) percentage loss, correct to the two decimal places, if after paying the loan, he renovates the house at a cost of $10,000 and then sells it for $460,000.<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 #765971 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=765971\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> He paid:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+.2%2A350000+=+70000+ ALIGN=MIDDLE  ALT=\"+.2%2A350000+=+70000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+350000+-+70000+=+280000+ ALIGN=MIDDLE  ALT=\"+350000+-+70000+=+280000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "---------------------------------------<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+P%2Ar%2At+ ALIGN=MIDDLE  ALT=\"+I+=+P%2Ar%2At+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+280000%2A.07%2A8+ ALIGN=MIDDLE  ALT=\"+I+=+280000%2A.07%2A8+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+156800+ ALIGN=MIDDLE  ALT=\"+I+=+156800+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "-----------------------------<BR>\n" );
document.write( "(a)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+70000+%2B+280000+%2B+156800+=+576800+ ALIGN=MIDDLE  ALT=\"+70000+%2B+280000+%2B+156800+=+576800+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$576,800<BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "(b)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+156800+%2F+350000+=+.448+ ALIGN=MIDDLE  ALT=\"+156800+%2F+350000+=+.448+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "44.8% increase<BR>\n" );
document.write( "--------------------<BR>\n" );
document.write( "(c)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+460000+-+10000+=+450000++ ALIGN=MIDDLE  ALT=\"+460000+-+10000+=+450000++\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+576800+-+450000+=+126800+ ALIGN=MIDDLE  ALT=\"+576800+-+450000+=+126800+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+126800+%2F+576800+=+.2198+ ALIGN=MIDDLE  ALT=\"+126800+%2F+576800+=+.2198+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "22% loss<BR>\n" );
document.write( "---------------------<BR>\n" );
document.write( "Definitely get a 2nd opinion if needed<BR>\n" );
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document.write( "</TD></TR></TABLE>\n" );