lisa needs money to repair her home air​ conditioner, so she pawns her bicycle. The pawnbroker loans Elisa ​$270. Seventeen days​ later, Elisa gets her bicycle back by paying the pawnbroker ​$303.15. What annual simple interest rate did the pawnbroker charge​ Elisa? Assume 360 days in a year The pawnbroker charged Elisa a simple in

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Elisa needs money to repair her home air​ conditioner, so she pawns her bicycle. The pawnbroker loans Elisa
​$270.
Seventeen
days​ later, Elisa gets her bicycle back by paying the pawnbroker
​$303.15.
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
enter your response here​
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