document.write( "Question 883931: Help!
\n" ); document.write( "Joe Borowski invested $5700 in a mutual fund one year ago. During the year, his fund increased in value by $313.50. What interest rate has Joe's investment earned? \n" ); document.write( "

Algebra.Com's Answer #533862 by josmiceli(19441) $\"\"$ $\"About$

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I'm assuming that is is a simple
\n" ); document.write( "interest rate
\n" ); document.write( "----------------
\n" ); document.write( "The fraction of the increase divided
\n" ); document.write( "by the original investment is
\n" ); document.write( " $\"+313.5+%2F+5700+\"$
\n" ); document.write( "The % of the increase over the
\n" ); document.write( "original investment is:
\n" ); document.write( " $\"+%28+313.5+%2F+5700+%29%2A100+\"$
\n" ); document.write( " $\"+.055%2A100+=+5.5+\"$
\n" ); document.write( "Joe's investment earned 5.5%
\n" ); document.write( " \n" ); document.write( "

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