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A person collected $6,300 on a loan of $5,400 they made 9 years ago. If the person charged simple interest, what was the rate of

A person collected $6,300 on a loan of $5,400 they made 9 years ago. If the person charged simple interest, what was the rate of interest? The interest rate is 1% (Type an integer or decimal rounded to the nearest hundredth as needed)

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