Question
< Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Twenty three days later,
< Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Twenty three days later, Elisa gets her bicycle back by paying the pawnbroker $314.85. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year. The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as needed.)
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
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