document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1193639>Question 1193639</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help\r<BR>\n" );
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document.write( "Ben owes 500 due in eight months. For each of the following cases, what single payment will repay his debt if simple interest rate is 15% p.a.<BR>\n" );
document.write( "1.1. Now<BR>\n" );
document.write( "1.2. Six months from now<BR>\n" );
document.write( "1.3. in one year\r<BR>\n" );
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document.write( "Thank you very much for assisting  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #825677 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=825677\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Now ought to be 500, but sometimes banks will add a certain amount if paid back right away. Mathematically, it is 500.<BR>\n" );
document.write( "6 months from now is a half year, so the interest=prt=500*0.15*0.5=37.5 and the payment is 537.5<BR>\n" );
document.write( "1 year the interest is 75 and the payment is 575<BR>\n" );
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