document.write( "Question 1176673: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you ​$840. One month​ later, you get the guitar back by paying the pawnbroker ​$1472. What annual interest rate did you​ pay?\r
\n" ); document.write( "\n" ); document.write( "You will pay a simple interest rate of __​%
\n" ); document.write( "​(Round to the nearest whole number as​ needed.) \n" ); document.write( "
Algebra.Com's Answer #803973 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
he gives you 840.
\n" ); document.write( "one month later, you pay him 1472.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "the interest charge for one month was 1472 - 840 = 632.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "if that was the interest charge for one month, then the interest charge for one year would have been 632 * 12 = 7584.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "the interest rate for one month was 632 / 840 = .7523809524 = 78.23809524%.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "the interest rate for one year would have been (632 * 12) / 840 = 7584 / 840 = 9.028571429 = 902.9581420%.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
\n" );