document.write( "Question 612399: What is the interest rate on a 120 Day loan of $1,500.00 at a 9% interest. \n" ); document.write( "

Algebra.Com's Answer #385519 by solver91311(24713) $\"\"$ $\"About$

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\n" ); document.write( "\n" ); document.write( "The interest rate on a 9% loan is 9% per annum regardless of the term. The amount of interest paid is dependent on the compounding period, which you chose not to share.\r
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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it
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