document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=735249>Question 735249</A>: <I><SPAN STYLE=\"word-break: break-all;\"> O.K., my caps lock is off. ????<BR>\n" );
document.write( "You are paying off a large screen t.v. that costs $3,000 with 24 monthly payments of $162.50. What is the annual simple interest rate that was charged?\r<BR>\n" );
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document.write( "I've tried the simple interest formula, but I don't understand how to come up with r ( the rate), if thats what I need. Please explain. Thank you. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449357 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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/cgi-bin/show-face.mpl?user=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=449357\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The 24 monthly payments came to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+24%2A162.5+=+3900+ ALIGN=MIDDLE  ALT=\"+24%2A162.5+=+3900+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$3,900<BR>\n" );
document.write( "The sum of the 24 payments minus the cost = <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3900+-+3000+=+900+ ALIGN=MIDDLE  ALT=\"+3900+-+3000+=+900+\"   DISABLED_style= \"max-width:90%; height:auto;\" > <BR>\n" );
document.write( "The simple interest paid each year is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+900%2F2+=+450+ ALIGN=MIDDLE  ALT=\"+900%2F2+=+450+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$450<BR>\n" );
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