notice, it was pawned for only 1 month, so the "yearly" rate is for 1 month, which is 1/12 of the year, since a year has 12 moths
you'll get a rate in decimal terms, to get the % amount, just multiply it times 100
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notice, it was pawned for only 1 month, so the "yearly" rate is for 1 month, which is 1/12 of the year, since a year has 12 moths
you'll get a rate in decimal terms, to get the % amount, just multiply it times 100