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OpenStudy (anonymous):
To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $960. One month later, you get the guitar back by paying the pawnbroker $1,472. What annual interest rate did you pay? Round to the nearest tenth of a percent.
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OpenStudy (anikay):
ok so how much more did you pay?
OpenStudy (anikay):
640% by my calculations
OpenStudy (anikay):
probably totally wrong though
OpenStudy (anonymous):
Tbh this is a math problem about Annual interest rate and yea that kinda sounds off..lol
OpenStudy (anikay):
I figure that since you payed 53.3333....% interest in a month you just multiply that by 12 probably wrong
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OpenStudy (anonymous):
I have no idea.
OpenStudy (anikay):
@zepdrix
OpenStudy (anonymous):
Ask him for help?
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