Dan borrowed $3600 and pays a fortnightly interest of $27. Calculate the yearly interest rate?

Answer 1

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}.

Answer 2

12.708 round to 3 significant figures

Answer 3

12.7

Answer 4

12.70853681 round to 3 significant figures

Answer 5

12.7