document.write( "Question 997767: Determine the simple interest rate at which 1350 will grow to 1400 in the 3 months. Round your answers to the nearest tenth of percent \n" ); document.write( "
Algebra.Com's Answer #615808 by fractalier(6550)\"\" \"About 
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From the formula for simple interest,
\n" ); document.write( "I = prt
\n" ); document.write( "50 = 1350 * r * (3/12) = 1350 * r * .25
\n" ); document.write( "200 = 1350r
\n" ); document.write( "r = 200/1350 = 14.8%
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