A pawnshop will lend 4750 for 45 days at a cost of 35
A pawnshop will lend $4,750 for 45 days at a cost of $35 interest.
What is the effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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a pawnshop will lend 4750 for 45 days at a cost of 35 interestwhat is the effective rate of interestnbspuse a 360-day
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