document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1095370>Question 1095370</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investor earned $712.50 on an investment of $30,000 in 95 days. Find the annual simple interest rate earned on the investment. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #709905 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=709905\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A = P(I*t)<BR>\n" );
document.write( "A = P*I*t<BR>\n" );
document.write( "A/P*t = I<BR>\n" );
document.write( "712.50/(30000*95) = 0.00025<BR>\n" );
document.write( "0.00025(365) = 0.09125<BR>\n" );
document.write( "The annual interest rate is 9.125%<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );