Question

why all answer i received is differ from the question i have asked?

Your friend tells you that if you let her keep 202020 of your Pokemon cards for three months, she will give you 222 cards extra when she returns your cards to you.
What is the annual rate of interest she is willing to pay for the borrowed cards?
Note: Even though she only keeps your cards for three months, we can still calculate an annual interest rate.

Answer 1

Based on the fact that your friend will give you 2 cards extra in addition to your 20 Pokémon cards after three months, the annual rate of interest she is willing to pay is 46.41%

What annual rate of interest is your friend willing to pay?

The annual rate of interest can be found by finding out the number of periods that your friend takes to return the cards in terms of a year.

As this is in months, the annual rate of interest can be found as:

= (Ending value / Beginning value) ^ number of months in year / number of months your friend had your cards - 1)

Solving gives:

= ((20 + 2) / 20) ¹²  / ³ - 1

= 46.41%

Find out more on annual rates at https://brainly.com/question/2699966

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