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A loan shark offers to give you $5,750.00 today, but he wants you to pay him $6,909.00 in one year. What is the rate of

A loan shark offers to give you $5,750.00 today, but he wants you to pay him $6,909.00 in one year. What is the rate of interest being charged on the account?

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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