document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=698373>Question 698373</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If the intreset value of saving $ 24000 is $ 6000 for a period of 5 years, then find the rate of interest per year.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #430709 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=430709\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I = Prt\r<BR>\n" );
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document.write( "6000 = 24000*r*5\r<BR>\n" );
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document.write( "6000 = 120000r\r<BR>\n" );
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document.write( "6000/120000 = r\r<BR>\n" );
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document.write( "r = 6000/120000\r<BR>\n" );
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document.write( "r = 6/120\r<BR>\n" );
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document.write( "r = 1/20\r<BR>\n" );
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document.write( "r = 0.05\r<BR>\n" );
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document.write( "So the interest rate is 5% </SPAN>\n" );
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