document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=968698>Question 968698</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if paul borrowed $1000 and took 5 years to repay the loan and $1800 interest. what was the per annum simple interest rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #591910 by </B><A HREF=/tutors/aboutme.mpl?userid=amarjeeth123><B>amarjeeth123(569)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=amarjeeth123><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=591910\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple interest I=Ptr/100<BR>\n" );
document.write( "Plugging in the values we get<BR>\n" );
document.write( "1800=1000*5*r/100<BR>\n" );
document.write( "50r=1800<BR>\n" );
document.write( "r=36 per cent<BR>\n" );
document.write( "The rate of interest was 36 percent. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );