document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=33590>Question 33590</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ms. Jordan has been given a loan of $2500 for 1 year. If<BR>\n" );
document.write( "the interest charged is $275, what is the interest rate on the loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #19981 by </B><A HREF=/tutors/aboutme.mpl?userid=priya><B>priya(51)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=priya><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=19981\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> let P be the principle ,R be the interest rate (%),N be the number of years,<BR>\n" );
document.write( "then the formula is given by, \r<BR>\n" );
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document.write( "     I  = P*N*R/100<BR>\n" );
document.write( "       = 2500 * 1* R/100<BR>\n" );
document.write( "     HERE I IS GIVEN ,THAT IS 275,<BR>\n" );
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document.write( "      275 = 25 *1* R  (Simplyfying)\r<BR>\n" );
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document.write( "Therefore R = 275 /25<BR>\n" );
document.write( "            = 11 %\r<BR>\n" );
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document.write( "this is the answer.\r<BR>\n" );
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document.write( "PRIYA </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );