document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=53791>Question 53791</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone help me on this problem?\r<BR>\n" );
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document.write( "  I need to identify the rate, base, and amount in the following application.  You do not need to solve the application at this point.\r<BR>\n" );
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document.write( "   Ms. Jordan has been given a loan of $2500 for 1 year.  If the interest charged is $235, what is the interest rate on the loan?\r<BR>\n" );
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document.write( " Thanks,<BR>\n" );
document.write( " Ashley </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #36041 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=36041\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Ms. Jordan has been given a loan of $2500 for 1 year. If the interest charged is $235, what is the interest rate on the loan? <BR>\n" );
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document.write( "rate=unknown; base=2500; amount=235<BR>\n" );
document.write( "rate(2500)=235<BR>\n" );
document.write( "rate= 0.94 = 9.4%<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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