document.write( "Question 245997: Dr. Fox borrowed $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 #179678 by checkley77(12844) ![]() You can put this solution on YOUR website! 2,500X=275 \n" ); document.write( "X=275/2,500 \n" ); document.write( "X=.11 OR 11% WAS THE ANNUAL INTEREST RATE. \n" ); document.write( " |