document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=175613>Question 175613</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man earns $112 interest in one year on an investment of $1400. What was his rate of interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #130692 by </B><A HREF=/tutors/aboutme.mpl?userid=EMStelley><B>EMStelley(208)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=EMStelley><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=EMStelley><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=130692\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If you went to a bank to deposit $1000 and they told you the interest rate was 3%, how would you know how much interest you would earn at the end of the year?  $1000(0.03) = $30.00.  So to get that $112, the original investment of $1400 was multiplied by some rate r.  So 1400r = 112.  Dividing by 1400, you get that r = 0.08, or 8%. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );