Question

to borrow money you Pawn your guitar based on the value of the Qatar the pawnbroker loans you $720 1 months later you get the guitar back by paying the pawnbroker 1270. What annual interest rate did you pay

Answer 1

So, the difference = 1270 - 720 = 550

So, the interest = 550/720 = 0.764 = 76.4%

to the nearest whole number = 76%