[tex]\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad
\begin{cases}
A=\textit{accumulated amount}\to &\$1472\\
P=\textit{original amount}\to& \$1080\\
r=rate\\
t=years\to &\frac{1}{12}
\end{cases}
\\\\\\
1472=1080\left(1+r\cdot \frac{1}{12}\right)[/tex]
notice, it was pawned for only 1 month, so the "yearly" rate is for 1 month, which is 1/12 of the year, since a year has 12 moths
you'll get a rate in decimal terms, to get the % amount, just multiply it times 100
