document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=88715>Question 88715</A>: <I><SPAN STYLE=\"word-break: break-all;\">  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #64507 by </B><A HREF=/tutors/aboutme.mpl?userid=malakumar_kos@yahoo.com><B>malakumar_kos@yahoo.com(315)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=malakumar_kos@yahoo.com><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=64507\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate?\r<BR>\n" );
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document.write( "     Principal = p =$5000<BR>\n" );
document.write( "         Time  = T = 4 yrs<BR>\n" );
document.write( "     Interest  = I = $400<BR>\n" );
document.write( "   Rate of Interest = R = ?<BR>\n" );
document.write( "                  I = PTR/100<BR>\n" );
document.write( "    therefore  R = I*100/P*T<BR>\n" );
document.write( "                 = 400(100)/5000*4<BR>\n" );
document.write( "                 = 10/5<BR>\n" );
document.write( "                 = 2%<BR>\n" );
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