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A loan of $2700 can be repaid in 165 days by paying the principal sum borrowed plus $75 interest. What was the rate of interest
A loan of $2700 can be repaid in 165 days by paying the principal sum borrowed plus $75 interest. What was the rate of interest charged? The simple interest rate is (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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