document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1009293>Question 1009293</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A person collected $ 1,400 on a loan of $ 1,200 they made 8 years ago. what was the rate of interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #624790 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=624790\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If it is simple interest we are talking about, then<BR>\n" );
document.write( "I = prt and we are looking for r...<BR>\n" );
document.write( "r = I/pt = 200/(1200)(8) = 1/48 = 2.083% </SPAN>\n" );
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