document.write( "Question 251918: A $11,500.00, 27-month loan has interest due of $3,234.38. What is the rate of interest? \n" ); document.write( "
Algebra.Com's Answer #183628 by richwmiller(17219)\"\" \"About 
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27/12=2.25 years
\n" ); document.write( "I=P*r*t
\n" ); document.write( "3234.38=11500.00*r*2.25
\n" ); document.write( "r=.125=12.5% per year\r
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