document.write( "Question 947359: douglas borrowed $1000 from patricia. he agreed to repay her $1150 after 3 years. what was te interest rate of the loan? \n" ); document.write( "
Algebra.Com's Answer #578120 by 428225(90)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Therefore the interest rate was 15%, because you have to multiply $1000 by 1.15 (an increase of 15%) to get $1150. \n" ); document.write( " |