document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1154388>Question 1154388</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bank credit card charges interest at the rate of 23% per year, compounded monthly. If a senior in college charges $1300 to pay for college expenses, and intends to pay it in one year, what will he have to pay? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #776804 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=776804\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28+n%2At+%29+ ALIGN=MIDDLE  ALT=\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28+n%2At+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+P+=+1300+ ALIGN=MIDDLE  ALT=\"+P+=+1300+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+n+=+12+ ALIGN=MIDDLE  ALT=\"+n+=+12+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+t+=+1+ ALIGN=MIDDLE  ALT=\"+t+=+1+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+.23+ ALIGN=MIDDLE  ALT=\"+r+=+.23+\"   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=+A+=+1300%2A%28+1+%2B+.23%2F12+%29%5E%28+12%2A1+%29+ ALIGN=MIDDLE  ALT=\"+A+=+1300%2A%28+1+%2B+.23%2F12+%29%5E%28+12%2A1+%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1300%2A1.019167%5E12+ ALIGN=MIDDLE  ALT=\"+A+=+1300%2A1.019167%5E12+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1300%2A1.25586+ ALIGN=MIDDLE  ALT=\"+A+=+1300%2A1.25586+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+1632.62+ ALIGN=MIDDLE  ALT=\"+A+=+1632.62+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+1632.62+-+1300+ ALIGN=MIDDLE  ALT=\"+I+=+1632.62+-+1300+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+I+=+332.62+ ALIGN=MIDDLE  ALT=\"+I+=+332.62+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "He would pay $332.62 in interest<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "check the math<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );