document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202221>Question 1202221</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's future value​ A, or the total amount due at time t.<BR>\n" );
document.write( "P=​$7000​, r=4.0​%, t=3 months<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #836894 by </B><A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><B>math_tutor2020(3817)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=836894\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font color=black size=3><BR>\n" );
document.write( "Answer:  <font color=red size=4>$7,070</font>\r<BR>\n" );
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document.write( "Work Shown:<BR>\n" );
document.write( "A = P*(1+r*t)<BR>\n" );
document.write( "A = 7000*(1+0.04*3/12)<BR>\n" );
document.write( "A = <font color=red>7070</font>\r<BR>\n" );
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document.write( "Extra info:<BR>\n" );
document.write( "The amount of interest is<BR>\n" );
document.write( "i = A - P<BR>\n" );
document.write( "i = 7070 - 7000<BR>\n" );
document.write( "i = 70<BR>\n" );
document.write( "or you could say<BR>\n" );
document.write( "i = P*r*t<BR>\n" );
document.write( "i = 7000*0.04*3/12<BR>\n" );
document.write( "i = 70<BR>\n" );
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