EFFECTIVE RATE OF INTEREST Find the interest rates earned on each of the following. Round each answer to two decimal places.

a.)You borrow $750 and promise to pay back $795 at the end of 1 year.

%

b.)You lend $750 and the borrower promises to pay you $795 at the end of 1 year.

%

c.)You borrow $92,000 and promise to pay back $180,978 at the end of 10 years.

%

d.)You borrow $8,000 and promise to make payments of $2,219.30 at the end of each year for 5 years.

%

*Please show how to solve on TI: BA II PLUS calculator.