document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1008908>Question 1008908</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man borrows Rs. 360 if he pays it back in 12 monthly installments of Rs. 31.50, what is his 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 #625238 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=625238\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Well 12 payments of 31.50 adds up to Rs 378.<BR>\n" );
document.write( "That means he paid 378 - 360 = Rs 18 interest.<BR>\n" );
document.write( "18/360 = 5% interest </SPAN>\n" );
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