document.write( "Question 188668: Elaine was charged $195 interest for 1 month on a $1000 credit card balance. What was the monthly interest rate? \n" ); document.write( "
Algebra.Com's Answer #141496 by nerdybill(7384)\"\" \"About 
You can put this solution on YOUR website!
Elaine was charged $195 interest for 1 month on a $1000 credit card balance. What was the monthly interest rate?
\n" ); document.write( ".
\n" ); document.write( "interest rate per month = 195/1000
\n" ); document.write( "interest rate per month = 0.195
\n" ); document.write( "interest rate per month = 19.5%\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );