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A man borrowed $500 from a Pay-Day Loan and on Tuesday and he paid off the loan on Friday with $515.75. What annual rate of

A man borrowed $500 from a Pay-Day Loan and on Tuesday and he paid off the loan on Friday with $515.75. What annual rate of interest did he pay? O a. None of the choices is correct O b. 12.00% O c. 48.00% O d. 36.00% O e. 24.00%

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