document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=31743>Question 31743</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hillary took out a loan of $2800 for 1 year. If the interest is $336, what is the interest rate on this loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #18347 by </B><A HREF=/tutors/aboutme.mpl?userid=mukhopadhyay><B>mukhopadhyay(490)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mukhopadhyay><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=18347\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the interest rate is r,<BR>\n" );
document.write( "2800*r=336<BR>\n" );
document.write( "=> r = 336/2800<BR>\n" );
document.write( "Percentage of interest rate is 100*r%<BR>\n" );
document.write( "= 100*336/2800 = 336/28 = 12<BR>\n" );
document.write( "Answer: The rate of interest is 12% </SPAN>\n" );
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