document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204625>Question 1204625</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Stacy loaned Juan $1040<BR>\n" );
document.write( " at an interest rate of 15%<BR>\n" );
document.write( " for 226<BR>\n" );
document.write( " days.  How much will Juan pay Stacy at the end of 226<BR>\n" );
document.write( " days?  Round your answer to the nearest cent.  Note:  Assume 360<BR>\n" );
document.write( " days in a year and 30<BR>\n" );
document.write( " days in a month.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #840994 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=840994\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Stacy loaned Juan $1040<BR>\n" );
document.write( "at an interest rate of 15%<BR>\n" );
document.write( "for 226 days. How much will Juan pay Stacy at the end of 226<BR>\n" );
document.write( "days? Round your answer to the nearest cent. Note: Assume 360<BR>\n" );
document.write( "days in a year and 30<BR>\n" );
document.write( "days in a month.\r<BR>\n" );
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document.write( "SI = P*n*R\r<BR>\n" );
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document.write( "SI is simple interest<BR>\n" );
document.write( "P is the principal<BR>\n" );
document.write( "n is the number of years<BR>\n" );
document.write( "r=15%=0.15\r<BR>\n" );
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document.write( "SI= 1040*0.628*0.15 =97.97\r<BR>\n" );
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document.write( "1040+97.97=1137.97\r<BR>\n" );
document.write( "<BR>\n" );
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document.write( "Therefore, at the end of 226 days, Juan will pay Stacy approximately $1137.97\r<BR>\n" );
document.write( "<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );