document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1176670>Question 1176670</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r.\r<BR>\n" );
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document.write( "P​ = ​$3300.00​, A​ = ​$3374.255, t​ = 3 months<BR>\n" );
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document.write( "__% ​(Round to the nearest tenth as​ needed.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #803986 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52788)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=803986\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r.\r<BR>\n" );
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document.write( "P​ = ​$3300.00​, A​ = ​$3374.255, t​ = 3 months<BR>\n" );
document.write( "​<BR>\n" );
document.write( "__% ​(Round to the nearest tenth as​ needed.)<BR>\n" );
document.write( "~~~~~~~~~~~~~\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;@ewatrrr solved the problem INCORRECTLY.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;She mistakenly used the formula for the compound account, \r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;although the problem asked to find the solution for a simple interest.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I came to bring a correct solution.\r<BR>\n" );
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document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">\r\n" );
document.write( "P = A + <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A%2Ar%2A%283%2F12%29 ALIGN=MIDDLE  ALT=\"A%2Ar%2A%283%2F12%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r\n" );
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document.write( "3374.25 = 3300 + 3300*r*0.25\r\n" );
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document.write( "r = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%283374.25+-+3300%29%2F%280.25%2A3300%29 ALIGN=MIDDLE  ALT=\"%283374.25+-+3300%29%2F%280.25%2A3300%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 0.09 = 9%.     <U>ANSWER</U>\r\n" );
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document.write( "Solved.\r<BR>\n" );
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document.write( "To see many other similar and/or different solved problems on simple interest accounts, &nbsp;look into the lesson\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> \r<BR>\n" );
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document.write( "in this site.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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