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13 A loan shark has offered to loan you $306,800.00 today so that you can afford the house of your dreams. The only catch is

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13 A loan shark has offered to loan you $306,800.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $519,800.00 exactly 5.00 years from today. You are very tempted as you want the house really badly. What is the rate of Interest on the Shark's loan? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)

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