document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=59218>Question 59218</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ms. Jordan has been given a loan of $2500 for 1 year.  If the interest charged is $275, what is the interest rate on the loan? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #40592 by </B><A HREF=/tutors/aboutme.mpl?userid=funmath><B>funmath(2933)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=funmath><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=40592\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Ms. Jordan has been given a loan of $2500 for 1 year.  If the interest charged is $275, what is the interest rate on the loan?<BR>\n" );
document.write( "The formula for simple interest is:<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28I=Prt%29 ALIGN=MIDDLE  ALT=\"highlight%28I=Prt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where I=interest, P=principle, r=rate, t=time.<BR>\n" );
document.write( "For this problem:<BR>\n" );
document.write( "P=2500<BR>\n" );
document.write( "t=1<BR>\n" );
document.write( "I=275<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=275=%282500%29%2Ar%2A%281%29 ALIGN=MIDDLE  ALT=\"275=%282500%29%2Ar%2A%281%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=275=2500r ALIGN=MIDDLE  ALT=\"275=2500r\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=275%2F2500=2500r%2F2500 ALIGN=MIDDLE  ALT=\"275%2F2500=2500r%2F2500\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=.11=r ALIGN=MIDDLE  ALT=\".11=r\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "If they ask for the answer in percentage multiply this by 100%.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=.11%28100%29 ALIGN=MIDDLE  ALT=\"r=.11%28100%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >%<BR>\n" );
document.write( "r=11%<BR>\n" );
document.write( "Happy Calculating!!! </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );