document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1066314>Question 1066314</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A store offers customers two ways to pay for a new TV. \r<BR>\n" );
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document.write( "Option 1<BR>\n" );
document.write( ": Pay $1,500<BR>\n" );
document.write( " today. \r<BR>\n" );
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document.write( "Option 2<BR>\n" );
document.write( ": Pay nothing today, and take out a simple interest loan to pay a total of $1,650<BR>\n" );
document.write( " one year from now. \r<BR>\n" );
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document.write( "What is the simple interest rate on the loan in option 2<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 #681478 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=681478\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A store offers customers two ways to pay for a new TV. \r<BR>\n" );
document.write( "\n" );
document.write( "Option 1<BR>\n" );
document.write( ": Pay $1,500<BR>\n" );
document.write( " today. \r<BR>\n" );
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document.write( "Option 2<BR>\n" );
document.write( ": Pay nothing today, and take out a simple interest loan to pay a total of $1,650 one year from now. \r<BR>\n" );
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document.write( "What is the simple interest rate on the loan in option 2?<BR>\n" );
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document.write( "$1650 - $1500 = $150 interest<BR>\n" );
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document.write( "$150/$1500 = 10% per year<BR>\n" );
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document.write( "This is what is often called a \"bad deal.\" </SPAN>\n" );
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