document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=476508>Question 476508</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a business borrows $20,000 and repays $30,600 in 4 years, what is the simple interest rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #326739 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=326739\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The interest is 30,600 - 20,000 = 10,600\r<BR>\n" );
document.write( "\n" );
document.write( "==> 10,600 = 20,000*r*4<BR>\n" );
document.write( "==> 10,600 = 80,000r\r<BR>\n" );
document.write( "\n" );
document.write( "==> r = 0.1325\r<BR>\n" );
document.write( "\n" );
document.write( "simple interest rate is 13.25%. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );