document.write( "Question 869039: If you financing 5000 and the total over 30 months is 9000 what is the interest rate? \n" ); document.write( "

Algebra.Com's Answer #524505 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"9000=5000%281%2Bi%29%5E%2830%29\"$
\n" ); document.write( " $\"%281%2Bi%29%5E30=9%2F5\"$
\n" ); document.write( " $\"1%2Bi=%289%2F5%29%5E%281%2F30%29\"$
\n" ); document.write( " $\"1%2Bi=1.01979\"$
\n" ); document.write( " $\"i=0.01979\"$ per month\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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