document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207306>Question 1207306</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You wish to borrow P18,000 to buy a new gadget. Rate is 8.6% over five years how much is the total interest payment that you will pay for this debt? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #845097 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=845097\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Taking Simple interest into the account\r<BR>\n" );
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document.write( "SI =P * n * r \r<BR>\n" );
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document.write( "P= 18000<BR>\n" );
document.write( "n=5 years<BR>\n" );
document.write( "r = 8.6 %   or 0.086\r<BR>\n" );
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document.write( "S I = 18000*5*0.086\r<BR>\n" );
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document.write( "Interest = P 7740.00 </SPAN>\n" );
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