Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans
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Question:
Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa
$270. Seventeen days later, Elisa gets her bicycle back by paying the pawnbroker $292.95. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year.
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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