document.write( "Question 1183466: Hello\r
\n" ); document.write( "\n" ); document.write( "Interest=principal x rate x time\r
\n" ); document.write( "\n" ); document.write( "Is the time for this question 11 or 11 / 12?
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\n" ); document.write( "Ricardo borrowed $1300 from his brother. He plans to pay him back in 11 months. If he pays 3.5% interest on the loan, what is the approximate amount he will pay back in 11 months,\r
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Algebra.Com's Answer #813815 by ikleyn(52794)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "If the problem talks about the loan interest and gives a percentage without further explanations, this percentage \r
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\n" ); document.write( "\n" ); document.write( "is the annual percentage,  by default.\r
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\n" ); document.write( "\n" ); document.write( "It means that the unit of the time is a year in the problem.\r
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\n" ); document.write( "\n" ); document.write( "In your problem,  the time is   t = \"11%2F12\"  of a year.\r
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\n" ); document.write( "\n" ); document.write( "To see many similar  (and different)  simple interest problems solved and explained,  look into the lesson\r
\n" ); document.write( "\n" ); document.write( "    - Simple interest percentage problems \r
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\n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r
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