document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=658446>Question 658446</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the annual simple interest rate of a loan, where $800 is borrowed and where $832 is repaid at the end of 17 months. <BR>\n" );
document.write( "Annual simple interest rate= </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #410299 by </B><A HREF=/tutors/aboutme.mpl?userid=colliefan><B>colliefan(242)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=colliefan><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=410299\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The amount of the interest paid is 832-800 = $32\r<BR>\n" );
document.write( "\n" );
document.write( "The question then is what percentage is that of the original $800.\r<BR>\n" );
document.write( "\n" );
document.write( "Percentages are ratios of some part to a whole:\r<BR>\n" );
document.write( "\n" );
document.write( "Pct=part/whole\r<BR>\n" );
document.write( "\n" );
document.write( "The question is what part is 32 of the whole 800.\r<BR>\n" );
document.write( "\n" );
document.write( "pct=32/800<BR>\n" );
document.write( "pct = .04 = 4%<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );