document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=634628>Question 634628</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a business borrows $24,000 and repays $34,500 in 5 years, what is the simple interest rate?<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 #399751 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=399751\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 34500-24000=10500<BR>\n" );
document.write( "I=Prt<BR>\n" );
document.write( "r=I/Pt<BR>\n" );
document.write( "r=10500/24000*5<BR>\n" );
document.write( "r=10500/120000<BR>\n" );
document.write( "r=0.0875=8.75% </SPAN>\n" );
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