If you paid $76 to a loan company for the use of $1105 for 135 days, what annual rate of interest did they charge? (Assume a 360 day year)

Question

Just need an answer.  That's all.

Answer 1

????????? simpel interest ??????

borro=1105$, interest=76$, time span=135 daes

135/360=0.375 yeer

% interest=(76/1105) / 0.375

or(76/1105)*2.66666666666666...

=0.06877828054298643*2.66666666...

=0.18340874811463048

or 18.3%