document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=425272>Question 425272</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Scott took out a 4-year car loan for $5,500. He paid back a total of $7,370. What interest rate did he pay for this loan?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #463176 by </B><A HREF=/tutors/aboutme.mpl?userid=cherry+precilla><B>cherry precilla(2)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=cherry+precilla><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=463176\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> He paid an interest rate of 8.5% per annum or 34% for 4years.\r<BR>\n" );
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document.write( "$7,370 - $5,500 = $1,870<BR>\n" );
document.write( "$1,870/$5,500 = 0.34 0r 34%<BR>\n" );
document.write( "0.34/4 = 8.5% per annum </SPAN>\n" );
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