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Find the interest rates earned on each of the following. Round each answer to two decimal places. You borrow $700 and promise to pay back

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

  1. You borrow $700 and promise to pay back $777 at the end of 1 year.

  1. You lend $700 and the borrower promises to pay you $777 at the end of 1 year.

  1. You borrow $61,000 and promise to pay back $80,272 at the end of 7 years.

  1. You borrow $10,000 and promise to make payments of $2,504.60 at the end of each year for 5 years.

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