document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=59428>Question 59428</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0072549017/algebrahomeworkh></A><BR>\n" );
document.write( ": <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 #40728 by </B><A HREF=/tutors/aboutme.mpl?userid=uma><B>uma(370)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=uma><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=40728\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Loan amount = $2500\r<BR>\n" );
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document.write( "Time = 1 year\r<BR>\n" );
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document.write( "Interest = $275\r<BR>\n" );
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document.write( "Rate of interest = (100*interest)/ (Loan * time)\r<BR>\n" );
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document.write( "                 = (100* 275)/ 2500\r<BR>\n" );
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document.write( "                 = 27500/2500\r<BR>\n" );
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document.write( "                 = 11<BR>\n" );
document.write( "The interest rate = 11% </SPAN>\n" );
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