document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=292910>Question 292910</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How do you find what the actual yearly interest rate is if you buy something for $320.00 and you pay $20.00 down and $34.00 a month for 10 months.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #211459 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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/cgi-bin/show-face.mpl?user=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=211459\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> let's find out how how much was paid.<BR>\n" );
document.write( "c=20+34*10=360<BR>\n" );
document.write( "now what was the interest<BR>\n" );
document.write( "360-320=40<BR>\n" );
document.write( "now the annual percentage<BR>\n" );
document.write( "i=p*r*t<BR>\n" );
document.write( "40=320*r*10/12=3/20=1.5/10=15/100=15%<BR>\n" );
document.write( "regular percentage would be 40/320=1/8=12.5 %\r<BR>\n" );
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