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On September 2 6 , 2 0 1 0 , Austin received $ 2 , 7 5 0 from her father. She settled this amount

On September 26,2010, Austin received $2,750 from her father. She settled this amount on March 6,2011 with interest of $140.78.
No written response required.
a. What was the time period of the loan, expressed in days (rounded up to the next day)?
170
161
156
177
b. What was the annual rate of simple interest charged for this loan?
1.16%
0.32%
3.82%
11.61%

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