document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=147632>Question 147632</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the interest rate for a simple interest loan with P = $1420, I = $306.72, t = 3 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #108017 by </B><A HREF=/tutors/aboutme.mpl?userid=aswathytony><B>aswathytony(47)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=aswathytony><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=108017\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  given P= $ 1420<BR>\n" );
document.write( "       I= $306.72<BR>\n" );
document.write( "       t = 3yrs\r<BR>\n" );
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document.write( "  simple interest , I = pnr/100 , Where n, no of yrs & r is rate of interest.\r<BR>\n" );
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document.write( "          we have to find interest rate , r.\r<BR>\n" );
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document.write( "                 r= I*100 / pn<BR>\n" );
document.write( "             <BR>\n" );
document.write( "                r  = (306.72 * 100 )/1420* 3=  30672/4260 = 7.2\r<BR>\n" );
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document.write( "     Interest rate  = 7.2%<BR>\n" );
document.write( "               </SPAN>\n" );
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