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snow_tiger [21]
3 years ago
5

To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you ​$1080. One month​ later, yo

u get the guitar back by paying the pawnbroker ​$1472. What annual interest rate did you​ pay?
Mathematics
2 answers:
Alla [95]3 years ago
7 0
The annual rate must 36% The guy didn’t wait a whole year to get his guitar back he waited a month.
Serhud [2]3 years ago
4 0

The annual rate interest: r = 640.2%

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