document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=982045>Question 982045</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the simple interest rate if $28,400.00 earned simple interest of $1,420.00 in 10 months.  Round to the nearest tenth of a percent.  Please solve and show work.  Thank you. </SPAN>\n" );
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document.write( "Simple Interest = P * r *t\r<BR>\n" );
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document.write( "SI =1420\r<BR>\n" );
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document.write( "P = 28,400\r<BR>\n" );
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document.write( "t= 10 months = 10/12 years = 5/6\r<BR>\n" );
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document.write( "1420 = 28400*r*5/6\r<BR>\n" );
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document.write( "r= 1420*6/(28400*5)\r<BR>\n" );
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document.write( "r=0.06\r<BR>\n" );
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document.write( "rate percent = 6\r<BR>\n" );
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document.write( "6% </SPAN>\n" );
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