document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1155528>Question 1155528</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Don Glover borrowed $18,000 for 210 days and paid $702.80 in simple interest on the loan. What annual simple interest rate did Don paid on the loan? (Round your answer to the nearest hundredth of a percent) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #778126 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=778126\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "Simple Interest = P * R *T\r<BR>\n" );
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document.write( "p= 18000<BR>\n" );
document.write( "R=?<BR>\n" );
document.write( "T = 210/365 years\r<BR>\n" );
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document.write( "SI =702.80\r<BR>\n" );
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document.write( "702.8 = 18000 *R* 0.58 \r<BR>\n" );
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document.write( "R= 702.80/(18000*0.58)\r<BR>\n" );
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document.write( "R= 0.067 *100 = 6.7 % </SPAN>\n" );
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