A friend has $950 that has been saved from her part-time job. She will need her money, plus any interest earned on it, in six months and has asked for your help in deciding whether to put the money in a bank savings account at 5% interest or to lend it to Simone. Simone has promised to repay $969 after six months.

Calculate the rate of return if the money is lent to Simone. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Rate of return on annual basis:_____%