document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=364305>Question 364305</A>: <I><SPAN STYLE=\"word-break: break-all;\"> kim was charged 560.00 interest for 1 year on a 10,000.00 credit card balance what was her monthly interest rate please show work </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #259836 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16949)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=259836\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> interest = 560<BR>\n" );
document.write( "credit card balance = 10000<BR>\n" );
document.write( "...<BR>\n" );
document.write( "I=p*r*t<BR>\n" );
document.write( "560=10000*r*1<BR>\n" );
document.write( "560/10000= r<BR>\n" );
document.write( "r=0.56<BR>\n" );
document.write( "0.56*100 = 5.6% for 1 year.<BR>\n" );
document.write( "monthly rate was 5.6 /12 =0.46 % per month<BR>\n" );
document.write( "...<BR>\n" );
document.write( "m.ananth@hotmail.ca </SPAN>\n" );
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