document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1155529>Question 1155529</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Capital City Bank approves a home-improvement loan application for $13,000 at an annual simple rate of 9.25% for 240 day. What is the maturity value of the loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #778129 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=778129\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "Interest = p * r * t\r<BR>\n" );
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document.write( "SI = 13000 * 9.25% *(240/365)\r<BR>\n" );
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document.write( "SI = 182.5\r<BR>\n" );
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document.write( "Maturity value 13000 +182.5 </SPAN>\n" );
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