document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=575600>Question 575600</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a farmer borrow $3800 for 9 months from a bank.  The discounted the loan at 7%<BR>\n" );
document.write( "I know that interest is $199.50 and amount of money the farmer recieved is $3600.50, but can't figure out the actual interest rate which is 7.39%<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 #369545 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=369545\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I= p*n*r\r<BR>\n" );
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document.write( "I= 3800*3/4 * r\r<BR>\n" );
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document.write( "199.5 = (3800-199.5) * 3/4*r\r<BR>\n" );
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document.write( "r= (199.5*4)/(3*3600.50)\r<BR>\n" );
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document.write( "r=0.07387\r<BR>\n" );
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document.write( "r= 7.387% round off\r<BR>\n" );
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