document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=255530>Question 255530</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The amount of simple interest earned on a savings account varies jointly with time, t(in years), and the principal, p(in dollars). After 5 years, interest on $800 in this savings account is $260.00. What is the annual interest rate(constant of variation)? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #187771 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=187771\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I=Prt<BR>\n" );
document.write( "r=I/Pt<BR>\n" );
document.write( "r=260/(800*5)<BR>\n" );
document.write( "r=260/4000<BR>\n" );
document.write( "r=.065=6.5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );