document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=631363>Question 631363</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A retired couple invested $15000 in bonds. At the end of a year, they received an interest payment of $1125. What was the simple interest rate of the bonds? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #397523 by </B><A HREF=/tutors/aboutme.mpl?userid=303795><B>303795(602)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=303795><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=397523\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest = Principle x rate x time<BR>\n" );
document.write( "ie<BR>\n" );
document.write( "$1125 = $15000 x rate x 1<BR>\n" );
document.write( "rate = $1125/$15000<BR>\n" );
document.write( "=0.075<BR>\n" );
document.write( "=7.5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );