document.write( "Question 691221: What is the interest rate on a discounted loan of $5000 for 1 year, if you must repay $5450 after 6 months? \n" ); document.write( "
Algebra.Com's Answer #426610 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! i=Prt \n" ); document.write( "450=5000r*0.5 \n" ); document.write( "450=2500r \n" ); document.write( "450/2500=r \n" ); document.write( "r=0.18=18% \n" ); document.write( " |