document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=54394>Question 54394</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone help me on this problem?\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 $275, what is the interest rate on the loan?\r<BR>\n" );
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document.write( "  Thanks,<BR>\n" );
document.write( "  Sher </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #36631 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=36631\">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 $275, what is the interest rate on the loan? <BR>\n" );
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document.write( "Let the interest rate be \"r\"<BR>\n" );
document.write( "r(2500)=275<BR>\n" );
document.write( "r=275/2500<BR>\n" );
document.write( "r=0.11 or 11%<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. <BR>\n" );
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