document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1015757>Question 1015757</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At what rate can money be invested if $2,320 is equivalent to $2,511.46 paid 186 days later? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #632188 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=632188\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Well if we assume simple interest, then we can use<BR>\n" );
document.write( "I = prt<BR>\n" );
document.write( "The interest gained was 2511.46 - 2320 = $191.46.<BR>\n" );
document.write( "We are looking for r...t = 186/365 years...thus<BR>\n" );
document.write( "r = I / pt = (191.46) / (2320)(186/365) = 16.2% </SPAN>\n" );
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