document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=86057>Question 86057</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ms. Jordan has been given a loan of $2500 for 1 year. If<BR>\n" );
document.write( "the interest charged is $275, what is the interest rate on the loan?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #62367 by </B><A HREF=/tutors/aboutme.mpl?userid=dolly><B>dolly(163)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dolly><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=62367\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Amount of loan = $2500<BR>\n" );
document.write( "Period = 1 yr<BR>\n" );
document.write( "Interest = $275\r<BR>\n" );
document.write( "\n" );
document.write( "So rate of interest = (100*I)/P*T\r<BR>\n" );
document.write( "\n" );
document.write( "                    = 100*275/2500*1\r<BR>\n" );
document.write( "\n" );
document.write( "                    = 27500/2500\r<BR>\n" );
document.write( "\n" );
document.write( "                     = 11% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );