To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $720. One month later, you get the guitar back by paying the pawnbroker $1172. What annual interest rate did you pay? You will pay a simple interest rate of % (Round to the nearest whole number as needed.) ....

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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K
To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $720. One
month later, you get the guitar back by paying the pawnbroker $1172. What annual interest rate did you pay?
You will pay a simple interest rate of
(Round to the nearest whole number as needed.)
...
77°F Clear A
11
10:50 PM
9/13/2022
Transcribed Image Text:K To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $720. One month later, you get the guitar back by paying the pawnbroker $1172. What annual interest rate did you pay? You will pay a simple interest rate of (Round to the nearest whole number as needed.) ... 77°F Clear A 11 10:50 PM 9/13/2022
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