9. Mrs. Robinson borrows $5,000 for 90 days and pays $80 interest. What is her annual...

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9. Mrs. Robinson borrows $5,000 for 90 days and pays $80 interest. What is her annual rate of interest? A. 1.6% B. 6.49% C. 12.98% D. 6.40% 9. Mrs. Robinson borrows $5,000 for 90 days and pays $80 interest. What is her annual rate of interest? A. 1.6% B. 6.49% C. 12.98% D. 6.40%

Answer rating: 100% (QA)

To calculate Mrs Robinsons annual rate of interest we can use the formula Annual Interest Rate I... View the full answer