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17 September, 02:38

A pawnshop with a monthly interest rate of 3.15 percent would have an annual interest rate of percent. (Round your answer to 2 decimal places.) Multiple Choice 3.15 31.50 3780 18.90 6.30

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  1. 17 September, 03:00
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    Annual is 1 year.

    1 year has 12 months.

    Multiply the monthly rate by 12:

    3.15 x 12 = 37.80%
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