document.write( "Question 1191015: Mark and Brian are starting a new business. They borrowed $7,500 from their bank in order to help with start-up costs. If the loan had gained $1,845.00 after 36 months, what is the simple interest rate?\r
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Algebra.Com's Answer #822901 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! I=prt \n" ); document.write( "interest is 1845=7500*r*3 for 3 years \n" ); document.write( "r=1845/3*7500=0.082 or 8.2% \n" ); document.write( " |