document.write( "Question 1140162: Find the interest rate of an account that has $12500 that will give $450.00 interest in 72 months \n" ); document.write( "

Algebra.Com's Answer #760663 by ikleyn(52786) $\"\"$ $\"About$

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document.write( "Since the problem says nothing about if the account is of simple interest or compound, I will assume, by default, \r\n" );
document.write( "that it is of simple interest. \r\n" );
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document.write( "72 months = 6 years.\r\n" );
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document.write( "Simple interest per year is equal then \r\n" );
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document.write( "i =  = 0.6%.      ANSWER\r\n" );
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