document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=257814>Question 257814</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A certificate of deposit for one year pays $221 simple interest on a principal of $3400. What is the interest rate being paid on this deposit? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #189739 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=189739\">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=221/3400*1<BR>\n" );
document.write( "r=0.065 = 6.5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );