document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1149443>Question 1149443</A>: <I><SPAN STYLE=\"word-break: break-all;\"> On March 20,2011, Ellen borrowed Php 36500 from Elmer.She promised to pay the principal and 11.75% simple interest on November 15,2011.How much will Elmer receive on the said date? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #770793 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=770793\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Time is almost 8 months but 240/360 days which is 2/3 of a year (banker's)<BR>\n" );
document.write( "so interest=prt=36500*0.1175*2/3=2859.17<BR>\n" );
document.write( "that is the interest which is added to the original principal to pay Php 39359.15. </SPAN>\n" );
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