document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=983341>Question 983341</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A business owner borrows $5,600 for 5 months. At the end of the 5-month loan period, <BR>\n" );
document.write( "the interest owed is $115. What was the simple yearly interest rate <BR>\n" );
document.write( "(as a percent)?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #604099 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=604099\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I=PRT<BR>\n" );
document.write( "R=I/PT\r<BR>\n" );
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document.write( "R=[115/(5600*5/12)]<BR>\n" );
document.write( "R=115/(28000/12)=4.93%\r<BR>\n" );
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document.write( "Check with 5%, which should be close and a little higher\r<BR>\n" );
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document.write( "5600*(0.05)(5/12)=280*5/12=1400/12=116.67 which is consistent. </SPAN>\n" );
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