(5 points) To borrow money, you pawn your guitar. Based on the value of the guitar,...

 

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(5 points) To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $960. Two months later, you get the guitar back by paying the pawnbroker $1,472. What annual interest rate did you pay? (5 points) To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $960. Two months later, you get the guitar back by paying the pawnbroker $1,472. What annual interest rate did you pay?

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