document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=997798>Question 997798</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bank deposit paying simple interest grew from an initial sum of $1000 to a sum of $1045 in 9 months. Find the 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 #615770 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=615770\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Using I = prt, we need to find r. The interest is $45 and the time is 9/12 = .75 years...so<BR>\n" );
document.write( "r = I/pt = 45/(1000 * .75) = .06 = 6% </SPAN>\n" );
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