document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=880245>Question 880245</A>: <I><SPAN STYLE=\"word-break: break-all;\"> for $6000 to raise to $7000 over 7 years what would be the interest rate?<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 #531282 by </B><A HREF=/tutors/aboutme.mpl?userid=prabhjeet><B>prabhjeet(2)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=prabhjeet><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=prabhjeet><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=531282\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> ---Solution;<BR>\n" );
document.write( "    given;<BR>\n" );
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document.write( "   Principal(P)=$6000<BR>\n" );
document.write( "Final Amount(A)=$7000<BR>\n" );
document.write( "        Time(T)=7 years   <BR>\n" );
document.write( " then,interest rate(R)=?\r<BR>\n" );
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document.write( "We know that; I=P*T*R/100<BR>\n" );
document.write( "      or, 1000=(6000*7*R) / 100             {because I=A-P}<BR>\n" );
document.write( "      or, 1000=(42000*R ) / 100<BR>\n" );
document.write( "      or, 100000=42000*R  <BR>\n" );
document.write( "      or, 100000/42000=R<BR>\n" );
document.write( "      or, R=2.38<BR>\n" );
document.write( " So,$6000 will raise to $7000 over 7 years at the interest rate of 2.38% p.a. # </SPAN>\n" );
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