document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1177576>Question 1177576</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sarah loans Kim $500 and charges her 2% simple annual interest. Kim<BR>\n" );
document.write( "promises to repay Sarah in 1.17 years (14 months). About how much will<BR>\n" );
document.write( "Kim have to pay Sarah? Round your answer to the nearest cent.<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 #806644 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=806644\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "Principal P= 500<BR>\n" );
document.write( "Simple interest = =2% =0.02<BR>\n" );
document.write( "time in years = 7/6 years\r<BR>\n" );
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document.write( "Interest = 500 * 0.02*7/6 11.67\r<BR>\n" );
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document.write( "He has to return $511.67 </SPAN>\n" );
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