You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1.500 and agree to pay back $1,750 in two years. (a1) Your answer is correct. What annual interest rate is your uncle charging you? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to two decimal places, eg. 8.72%) Rate of interest charged by uncle 8.01 % e Textbook and Media Attempts: 1 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 (a2) Alternatively, you could borrow from your bank that is charging 6,50 percent interest annually. Should you borrow from your uncle or the bank? e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Ucino multiple attempts will impact our score