Business, 24.10.2019 05:00, lorrainelopez

Jane would like to borrow $850 for exactly one year, so that she can buy a brand-new lawn mower for the lawn-mowing business she is starting. jane's local bank agrees to lend her the money only if she is willing to pay back the full amount plus an extra $30, for a total repayment amount of $880. what is the annual interest rate on jane's loan from her bank?

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Jane would like to borrow $850 for exactly one year, so that she can buy a brand-new lawn mower for...