A radio commercial for a loan of company states. "You only pay 29cents a day for each $500 borrowed." If you borrow $2,500 for 188 days, what amount will you repay, and what annual interest rate is the company actually charging? (Asuume a 360-day year)

Amount you repay=$____ (round to two decimal places.)

Annual interest rate=___% (round to four deciaml places.)