document.write( "Question 42519: Elaine was charged $195 interest for 1 month on a $1000 credit card balance. What was the monthly interest rate? \n" ); document.write( "
Algebra.Com's Answer #27635 by Nate(3500)\"\" \"About 
You can put this solution on YOUR website!
Interest = Principle * Rate * Time
\n" ); document.write( "195 = 1000x
\n" ); document.write( "195/1000 = x = 0.195
\n" ); document.write( "19.5%
\n" ); document.write( "
\n" );