document.write( "Question 1153144: A loan company charges $10 interest for a one month loan of $250. Find the annual interest rate they are charging (Do not type the % sign) \n" ); document.write( "
Algebra.Com's Answer #775304 by greenestamps(13209) You can put this solution on YOUR website! \n" ); document.write( "$10 interest for 1 month --> $120 interest for 1 year. \n" ); document.write( "interest rate = 120/250 = 0.48 = 48% \n" ); document.write( " \n" ); document.write( " |