document.write( "Question 1148335: If the simple interest on $7 comma 000 for 7 years is $1 comma 960, then what is the interest rate? \n" ); document.write( "

Algebra.Com's Answer #769682 by ikleyn(52788) $\"\"$ $\"About$

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document.write( "I = 7000*r*7\r\n" );
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document.write( "1960 = 49000*r\r\n" );
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document.write( "r =  = 0.04 = 4%.     ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "For details, see the lesson\r
\n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r
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