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10. Simple Interest: Interest of $1,609.64 with principal of $16,000 for 306 days (exact interest) results in a rate of (round to the nearest whole

10. Simple Interest: Interest of $1,609.64 with principal of $16,000 for 306 days (exact interest) results in a rate of (round to the nearest whole percent)? (1 mark for calculation, 1 mark for answer)

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