document.write( "Question 47585This question is from textbook Beginning Algebra
\n" ); document.write( ": Please check my answer\r
\n" ); document.write( "\n" ); document.write( "Ms. Jordan has been given a loan of $2500.00 for 1 year. Ifthe interest charged is $275.00, what is the interest rate on the loan?
\n" ); document.write( "{R/Year}=SI X 100\r
\n" ); document.write( "\n" ); document.write( "Answer 11%\r
\n" ); document.write( "\n" ); document.write( "Is this correct??\r
\n" ); document.write( "\n" ); document.write( "Thank You in advance!
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Algebra.Com's Answer #31423 by Nate(3500)\"\" \"About 
You can put this solution on YOUR website!
IPR is the main formula (interest * principle * rate)
\n" ); document.write( "I(2500) = 275
\n" ); document.write( "I = 275/2500 = 0.11 = 11%
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