Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The...
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Accounting
Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Eighteen days later, Elisa gets her bicycle back by paying the pawnbroker $286.20. 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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