document.write( "Question 732014: What is the formula for borrowing $5000.00 for one year $100.00 interest what is the interest rate and how much paid at end of the year? \n" ); document.write( "

Algebra.Com's Answer #853001 by ikleyn(53427) $\"\"$ $\"About$

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\n" ); document.write( "What is the formula for borrowing $5000.00 for one year $100.00 interest
\n" ); document.write( "what is the interest rate and how much paid at end of the year?
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document.write( "The formula for the interest rate is  \r\n" );
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document.write( "    r =  =  = 0.02 = 2%.\r\n" );
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document.write( "The amount to pay back at the end of the year is $5000 + $100 = $5100.\r\n" );
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