document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201906>Question 1201906</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A compay borrows 91,000 for 5 years at a simple interest rate of 15.5%. Find the interest paid on the loan and the total amount paid. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #836480 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=836480\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "A compay borrows 91,000 for 5 years at a simple interest rate of 15.5%. Find the interest paid on the loan and the total amount paid.\r<BR>\n" );
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document.write( "Principal (P) = 91000\r<BR>\n" );
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document.write( "time (n) =5 years\r<BR>\n" );
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document.write( "I = 15.5% = 0.155\r<BR>\n" );
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document.write( "I = P * n * r<BR>\n" );
document.write( "= 91000*5*0.155<BR>\n" );
document.write( "= 70525 Interest paid\r<BR>\n" );
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document.write( "Add the interest to principal to get total amount paid\r<BR>\n" );
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document.write( " </SPAN>\n" );
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