document.write( "Question 1197288: An amount of P 8500 was invested at a Simple Interest rate and after 5 years it earned an Interest
\n" ); document.write( " amount of P 3612.5. What was the interest rate?
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Algebra.Com's Answer #830511 by MathLover1(20849)\"\" \"About 
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\n" ); document.write( "given:\r
\n" ); document.write( "\n" ); document.write( "\"P+=8500\"
\n" ); document.write( "\"I=3612.5\"
\n" ); document.write( "\"t=5\"\r
\n" ); document.write( "\n" ); document.write( "subsitute the values into the formula, \r
\n" ); document.write( "\n" ); document.write( "\"I+=Prt\"\r
\n" ); document.write( "\n" ); document.write( "\"3612.5+=+8500+%2A+r+%2A+5\"\r
\n" ); document.write( "\n" ); document.write( "\"3612.5+=+42500r\"\r
\n" ); document.write( "\n" ); document.write( "To find r, divide both sides of the equation with \"42500\".\r
\n" ); document.write( "\n" ); document.write( "\"3612.5+%2F42500+=+42500r+%2F42500\"\r
\n" ); document.write( "\n" ); document.write( "\"0.085+=+r\"\r
\n" ); document.write( "\n" ); document.write( "Hence, the interest rate was\"+0.085\" or \"8.5\"%\r
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