document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=187050>Question 187050</A>: <I><SPAN STYLE=\"word-break: break-all;\"> what annual interest rate is needed for a principal of $3000 to grow to $5500 in three years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #140203 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=140203\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> what annual interest rate is needed for a principal of $3000 to grow to $5500 in three years<BR>\n" );
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document.write( "Interest = Prt<BR>\n" );
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document.write( "Your interest is 5500-3000 = 2500<BR>\n" );
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document.write( "2500 = 3000r*3<BR>\n" );
document.write( "r = 2500/9000<BR>\n" );
document.write( "r = 0.2778<BR>\n" );
document.write( "rate = 27.78%<BR>\n" );
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