document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=933461>Question 933461</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the rate if the principle is $5,000, the time is 3 years and the interest is $1,200?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #566815 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=566815\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Assuming simple interest.\r<BR>\n" );
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document.write( "I = P*r*t\r<BR>\n" );
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document.write( "1200 = 5000*r*3\r<BR>\n" );
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document.write( "1200 = 5000*3*r\r<BR>\n" );
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document.write( "1200 = 15000*r\r<BR>\n" );
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document.write( "1200/15000 = r\r<BR>\n" );
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document.write( "0.08 = r\r<BR>\n" );
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document.write( "r = 0.08\r<BR>\n" );
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document.write( "The interest rate is <font color=\"red\">8%</font><BR>\n" );
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document.write( "Jim\r<BR>\n" );
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