A radio commercial for a loan company state: "You only pay $.37 a day for each $500 borrowed." If you borrow $1268 for 246 days, what amount were you repay, and what annual interest rate is the company actually charging? (Assume a 360 day year)

A radio commercial for a loan company states: "You only pay 3 interest rate is the company actually charging? (Assume a 360 a. Amount you repay = $ (Round to two decimal places.)