document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1184927>Question 1184927</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A commercial bank charges 2% interest per month on the unpaid balance of loans made by its credit card subscribers. It claims that the annual interest applied is 12(2%) = 24%. Is this true? </SPAN>\n" );
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document.write( "No.  It's 1.02^12 =~ 1.268 --> 26.8% per year </SPAN>\n" );
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