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 #40729 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=40729\">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" );
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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;\" >, I=interest, P=principle, rate=rate (in decimal), and t=time (in years)<BR>\n" );
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document.write( "P=2500<BR>\n" );
document.write( "t=1<BR>\n" );
document.write( "I=275<BR>\n" );
document.write( "r=r  (we don't know this yet)<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=275=%282500%29%2Ar%281%29 ALIGN=MIDDLE  ALT=\"275=%282500%29%2Ar%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=r ALIGN=MIDDLE  ALT=\"275%2F2500=r\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28r=.11%29 ALIGN=MIDDLE  ALT=\"highlight%28r=.11%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "If you need the interest rate in percentage, multiply it by 100%<BR>\n" );
document.write( "r=.11(100%)=11%<BR>\n" );
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document.write( "Happy Calculating!!! </SPAN>\n" );
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