(2) Help HW Score: 0%, 0 of 11 points Homework: 8.2 Interest Question 5, 8.2.43...
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(2) Help HW Score: 0%, 0 of 11 points Homework: 8.2 Interest Question 5, 8.2.43 O Points: 0 of 1 Save Next question Sanjay has borrowed 5760 on his father's watch from a pawn shop. He has agreed to pay off the loan with $795 one month later. What is the annual interest rate that he is being charged? Assume that the interest on the loan is computed using simple interest The annual interest rate is (Round to two decimal places as needed.)
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