document.write( "Question 210098: Mr. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan? \n" ); document.write( "
Algebra.Com's Answer #158759 by silencehurts(5)\"\" \"About 
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Mr. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?\r
\n" ); document.write( "\n" ); document.write( "let x = interest charged x = 275
\n" ); document.write( " y = loan y = 2500
\n" ); document.write( " z = interest rate z = ?\r
\n" ); document.write( "\n" ); document.write( "z=x/y = 275/2500\r
\n" ); document.write( "\n" ); document.write( "z= 0.11 = 11%\r
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