SOLUTION: You are in a desperate need of cash and turn to your uncle who has offered to lend you some money. You decide to borrow $1,360 and agree to pay back $1,790 in two years. How much a

Question 1153136: You are in a desperate need of cash and turn to your uncle who has offered to lend you some money. You decide to borrow $1,360 and agree to pay back $1,790 in two years. How much annual interest is your uncle charging you?

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

15.81 %

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