document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=632956>Question 632956</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Determine the comparable interest rate for a $70,000 loan when the quoted information is 11.2% + 0.5 pt + $200. (Round your answer to two decimal places.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #398605 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=398605\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 70000*.112=7840<BR>\n" );
document.write( "70000*0.005=350<BR>\n" );
document.write( "7840+350+200=8390<BR>\n" );
document.write( "8390/70000=0.1198=0.12=11.98%<BR>\n" );
document.write( "I can't tell if they want just the decimal or the %<BR>\n" );
document.write( "so I gave you both. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );