document.write( "Question 762942: Sorry but I cant get it right (and Im weak in math)
\n" ); document.write( "I have a loan for 21200 and I have to pay 400$ monthly for 6 years. total of 28800
\n" ); document.write( "so the question is how much percent / value interest I am paying back?\r
\n" ); document.write( "\n" ); document.write( "Thanks and regards
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Algebra.Com's Answer #464344 by MathLover1(20850)\"\" \"About 
You can put this solution on YOUR website!
\"28800-21200=7600\"....total interest payed for 6 years and it is \"x\"% of \"21200\"\r
\n" ); document.write( "\n" ); document.write( "\"x%2F100%2A21200=7600\"\r
\n" ); document.write( "\n" ); document.write( "\"x%2A212=7600\"\r
\n" ); document.write( "\n" ); document.write( "\"x=7600%2F212\"\r
\n" ); document.write( "\n" ); document.write( "\"x=35.85\"% for \"6\" years\r
\n" ); document.write( "\n" ); document.write( "so, \"x%2F6=35.85+%2F6\"% for \"1\" year => \"5.975\"% ; so, each year you payed \"5.975\"% interest for \"21200\" loan
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