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1035. Oakwood Plowing Company purchased two new plows for the upcoming winter. In 200 days, Oakwood must make a single payment of $23,200 to pay

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1035. Oakwood Plowing Company purchased two new plows for the upcoming winter. In 200 days, Oakwood must make a single payment of $23,200 to pay for the plows. As of today, Oakwood has $22,500. If Oakwood puts the money in a bank today, what rate of interest will it need to pay off the plows in 200 days? (Assume 360 days.)

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