document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=78536>Question 78536</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. Brown borrows $1600 for one year from a loan company.  He is given only $1560 and is expected to repay the $1600 at the end of one year. What is the simple discount rate? Give the simple discount rate as a percent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #56312 by </B><A HREF=/tutors/aboutme.mpl?userid=tutor_paul><B>tutor_paul(519)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=tutor_paul><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=tutor_paul><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=56312\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The discount rate can be thought of as the cost of borrowing money, or interest deducted in advance for money that is borrowed. To calculate the discount rate, use the following equation:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281600-1560%29%2F1600 ALIGN=MIDDLE  ALT=\"%281600-1560%29%2F1600\"   DISABLED_style= \"max-width:90%; height:auto;\" >=0.025\r<BR>\n" );
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document.write( "To express the dscount rate as a percent, multiply it by 100%\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.025%2A100%25 ALIGN=MIDDLE  ALT=\"0.025%2A100%25\"   DISABLED_style= \"max-width:90%; height:auto;\" >=2.5% </SPAN>\n" );
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