document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=519923>Question 519923</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You take out a 4-year, $5,000 loan at 10% simple annual interest. The lender charges you a $200 fee. Thinking of the fee as additional interest, what is the actual annual interest rate r you will pay?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #345895 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=345895\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> i=5000*0.10*4+200<BR>\n" );
document.write( "i=2000+200<BR>\n" );
document.write( "i=2000+200<BR>\n" );
document.write( "i=2200 for 4 yrs<BR>\n" );
document.write( "2200/4=$550 per yr<BR>\n" );
document.write( "550/5000=0.11=11% rate </SPAN>\n" );
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