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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Basic Statistics: A pawnshop will lend 4750 for 45 days at a cost of 35
Reference No:- TGS02918522

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