Question

To borrow money, you pawn your guitar. based on the value of the guitar, the pawnbroker loans you $840. one month later, you get the guitar back by paying the pawnbroker $1,472. what annual interest rate did you pay? round to the nearest tenth of a percent.

Answer 1

It would be: 1472/840 * 100 = 147200/840 = 175.02

So, it is 75.02%

For nearest 10th percent it will be 75%

SO 75% IS YOUR ANSWER