document.write( "Question 811122: Kara borrowed $1500 for 5 years. She Paid $435 in interest. What is the interest rate \n" ); document.write( "
Algebra.Com's Answer #488608 by ortarico(23)![]() ![]() ![]() You can put this solution on YOUR website! Principal = $1,500 \n" ); document.write( "Interest = $435 \n" ); document.write( "Time = 5yrs \n" ); document.write( "Rate = ?\r \n" ); document.write( "\n" ); document.write( "R = 100I/PT \n" ); document.write( "r = (100 x 435)/(1500 x 5) \n" ); document.write( "r = 43500/7500 \n" ); document.write( "r = 6 1/7% or 6.14% \n" ); document.write( " |