document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1109891>Question 1109891</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A payday loan store charges $45 for a one-month loan of $600. What annual interest rate is this equivalent to? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #724852 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=724852\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 45=600*(1+r/12)<BR>\n" );
document.write( "(1+r/12)=1.075<BR>\n" );
document.write( "r/12=0.075<BR>\n" );
document.write( "r=0.9 or 90% </SPAN>\n" );
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