document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=125227>Question 125227</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the unknown qanity for an account that earns simple annual interest.\r<BR>\n" );
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document.write( "A = $6240, P = $4000   r =____, t = 7 years\r<BR>\n" );
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document.write( "Any help with this equation would be <b>Greatly</b> appreciated. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #91788 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=91788\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6240=4000(1+R)^7<BR>\n" );
document.write( "6240/4000=(1+R)^7<BR>\n" );
document.write( "1.56=(1+R)^7<BR>\n" );
document.write( "(1+R)=7th ROOT 1.56<BR>\n" );
document.write( "1+R=1.0659<BR>\n" );
document.write( "R=1.0659-1.<BR>\n" );
document.write( "R=.0659 OR 6.59% IS THE INTEREST RATE.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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