document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=547688>Question 547688</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if a business borrow $16,000 and repays $25,000 in 5 years what is the simple interest rate?<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 #356521 by </B><A HREF=/tutors/aboutme.mpl?userid=mathie123><B>mathie123(224)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mathie123><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=356521\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Okay so we know that the simple interest formula is <BR>\n" );
document.write( "I=Prt   where I is the interest paid, P is the principal amount, r is the rate of interest and t is the time.  \r<BR>\n" );
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document.write( "In our case, we are not directly given the interest paid, but we can figure it out.  We know that the original amount paid was $16 000 and we ended up paying $25 000.  This means that we paid 25000-16000=9000 in interest ( ouch!).  \r<BR>\n" );
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document.write( "We have our t is 5(five years) (this is assuming that the interest is annual).<BR>\n" );
document.write( "Also our principal is 16000.   \r<BR>\n" );
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document.write( "That's the hard part, now just plug these values into the formula and solve for the unknown (r).  \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=I=Prt ALIGN=MIDDLE  ALT=\"I=Prt\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=9000=16000%2Ar%2A5 ALIGN=MIDDLE  ALT=\"9000=16000%2Ar%2A5\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=9000=80000%2Ar ALIGN=MIDDLE  ALT=\"9000=80000%2Ar\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=9000%2F80000=80000%2Ar%2F80000 ALIGN=MIDDLE  ALT=\"9000%2F80000=80000%2Ar%2F80000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.1125=r ALIGN=MIDDLE  ALT=\"0.1125=r\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Note: Interest rates are in % and this is not so we must move the decimal point to the right two times to get the %.   \r<BR>\n" );
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document.write( "Therefore the interest rate is 11.25% per year.     </SPAN>\n" );
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