SOLUTION: Can anyone help Me with I been stumped on this problem for a hour To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $720. One mont

SOLUTION: Can anyone help Me with I been stumped on this problem for a hour To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $720. One mont

Algebra.Com

Question 994084: Can anyone help Me with I been stumped on this problem for a hour
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 $1472. What annual interest rate did you pay?
You will pay a simple interest rate of ???
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1472-720=752
752/720*12=12.53=1253% APR
RELATED QUESTIONS
To borrow money, you pawn your guitar. Based on the value of the guitar, the... (answered by Theo)

I am stumped! I have been at this math problem for what seems like hours. I would really... (answered by gonzo,Mathtut)

I live in usa and life is worth living comfortably for me and my family now and really... (answered by Alan3354)

I NEED HELP I AM REALLY STUMPED ON THIS SOLUTION!! Steve traveled 200 miles at a... (answered by nerdybill)

Hello. I am totally stumped on this last question on an assignment. Can anyone help... (answered by ggrewe)

solve using the principle of zero products (8t+3)(5t-15)=0 I don't understand it.... (answered by user_dude2008)

I would appreciate anyone who can help me with this problem. I have been racking my... (answered by edjones)

I don't understand this question...thank you to anyone who can help. How would you... (answered by josgarithmetic)

Can anyone help me with a word problem that I am stuck on? I need to put it into an... (answered by Paul)