document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=450688>Question 450688</A>: <I><SPAN STYLE=\"word-break: break-all;\"> you borrow 5300 from a friend and promise to pay back 7100 in two years. what simple intrest rate will you pay? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #310000 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=310000\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you borrow 5300 from a friend and promise to pay back 7100 in two years. what simple interest rate will you pay?<BR>\n" );
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document.write( " A(t) = P(1+rt)<BR>\n" );
document.write( "7100 = 5300(1+r*2)<BR>\n" );
document.write( "1.3396 = 1 + 2r<BR>\n" );
document.write( "2r = 0.3396<BR>\n" );
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document.write( "rate = 0.1698 = 16.98%\r<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "==============<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );