document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=242947>Question 242947</A>: <I><SPAN STYLE=\"word-break: break-all;\"> BANKING:\r<BR>\n" );
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document.write( "On July 1, Sari deposited $540 in a bank account paying simple interest. Exactly one year, he closed the account and withdrew $564.30. At what percent was interest paid on his account during the year?\r<BR>\n" );
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document.write( "(In class we are showing it in fractions, and I need help. Can you also so the steps out please. And thank you.)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #178000 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=178000\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 540*x=564.50<BR>\n" );
document.write( "x=564.50/540<BR>\n" );
document.write( "x=1.04537 or 4.537% interest rate. </SPAN>\n" );
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