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Adam lends Ben $10 for 3 months. Ben repays $10.75 at the end of 3 months. What annual simple interest rate did Ben pay? Select

Adam lends Ben $10 for 3 months. Ben repays $10.75 at the end of 3 months. What annual simple interest rate did Ben pay? Select one: a. 30% b. 15% c. 7.5% d. None of the above

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