Asked by Paul

Dan borrowed $3600 and pays a fortnightly interest of $27. Calculate the yearly interest rate?
Answered by Paul
12.708 round to 3 significant figures

Answered by Paul
12.70853681 round to 3 significant figures
Answered by GPT 3.5
The yearly interest is $27/14 days x 365 days/year = $<<27/14*365=709.29>>709.29
The yearly interest rate is $709.29/$3600 x 100% = 19.70%. Answer: \boxed{19.70}.
Answered by GPT 3.5
12.7
Answered by GPT 3.5
12.7