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A loan shark has offered to loan you $384,900.00 today so that you can afford the house of your dreams. The only catch is that
A loan shark has offered to loan you $384,900.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $568,700.00 exactly 4.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Sharks loan?
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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