Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Twenty five days later, Elisa gets her bicycle back by paying the pawnbroker $292.50. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year. The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as needed.)
Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Twenty five days later, Elisa gets her bicycle back by paying the pawnbroker $292.50. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year. The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as needed.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Twenty five days later, Elisa gets her bicycle back by paying the pawnbroker $292.50. What annual simple interest rate did the
pawnbroker charge Elisa? Assume 360 days in a year.
The pawnbroker charged Elisa a simple interest rate of %
(Round to the nearest whole number as needed.)
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