document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1182561>Question 1182561</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A loan of $1,030 was repaid at the end of 18 months with a check for $1,050. What annual rate of interest was charged? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #812642 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=812642\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest for 18 months is 1050-1030=20\r<BR>\n" );
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document.write( "interest =20<BR>\n" );
document.write( "P= 1030<BR>\n" );
document.write( "r=?<BR>\n" );
document.write( "t=1.5\r<BR>\n" );
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document.write( "20= 1030*r*1.5\r<BR>\n" );
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document.write( "20/(1030*1.5)\r<BR>\n" );
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document.write( "=0.0129<BR>\n" );
document.write( "1.29%  </SPAN>\n" );
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