document.write( "Question 1176029: What is the simple interest rate on a $1300 investment paying $229.71 interest in 5.7 years?
\n" ); document.write( "Round to the nearest tenth of a percent
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Algebra.Com's Answer #801927 by greenestamps(13200)\"\" \"About 
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\n" ); document.write( "Simple interest -- not compound.

\n" ); document.write( "The interest earned is the principal, times the (annual) interest rate, times the number of years.

\n" ); document.write( "I = prt

\n" ); document.write( "In your example the interest is $229.71, the principal is $1300, and the number of years is 5.7; the unknown is the interest rate r:

\n" ); document.write( "\"229.71+=+%281300%29%28r%29%285.7%29\"

\n" ); document.write( "\"r+=+229.71%2F%28%281300%29%285.7%29%29\"

\n" ); document.write( "Use a calculator....

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