document.write( "Question 78703: Elaine was charged $195 interest for 1 month on $1,000 credit card balance. What was the monthly interest rate?\r
\n" ); document.write( "\n" ); document.write( "Am I supposed to multiply $1,000 by $195????
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Algebra.Com's Answer #56434 by checkley75(3666)\"\" \"About 
You can put this solution on YOUR website!
NO!
\n" ); document.write( "WHAT YOU NEED TO DO IS DIVIDE 195 BY 1000
\n" ); document.write( "195/1000=.195 OR 19.5% IS THE MONTHLY INTEREST RATE.
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