document.write( "Question 625121: If $23,500 earned simple interest of $1057.50 in 9 months, qhat was the simple interest \n" ); document.write( "

Algebra.Com's Answer #393313 by Alan3354(69443) $\"\"$ $\"About$

You can put this solution on YOUR website!
If $23,500 earned simple interest of $1057.50 in 9 months, qhat was the simple interest
\n" ); document.write( "--------------
\n" ); document.write( "1057.5/23500 = 0.045
\n" ); document.write( "= 4.5%
\n" ); document.write( "---------
\n" ); document.write( "4.5/9 = 0.5% per month \n" ); document.write( "

\n" );