document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=693286>Question 693286</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if a have $20,000.00 and it makes $4920.00 interest in a 12 month period what is the apr ( and is not compounded) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #427344 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=427344\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if a have $20,000.00 and it makes $4920.00 interest in a 12 month period what is the apr <BR>\n" );
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document.write( "I = Prt<BR>\n" );
document.write( "4920 = 20000*r*1<BR>\n" );
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document.write( "r = 4920/20,000<BR>\n" );
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document.write( "r = 0.246 = 24.6%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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