document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=485282>Question 485282</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the simple interest rate that Frank Clark is getting, if a principal of $30,000 earns $7,800 interest 4 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #331954 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</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=331954\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple Interest = P * R * t\r<BR>\n" );
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document.write( "P=30,000<BR>\n" );
document.write( "r=?<BR>\n" );
document.write( "Interest = 7,800<BR>\n" );
document.write( "time = 4\r<BR>\n" );
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document.write( "7800= 30000*R*4\r<BR>\n" );
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document.write( "7800/(30000*4)= R\r<BR>\n" );
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document.write( "R=0.065  ie: 6.5%\r<BR>\n" );
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