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Blossom Company purchased a machine at a price of $ 9 6 , 1 0 0 by signing a note payable, which requires a single

Blossom Company purchased a machine at a price of $96,100 by signing a note payable, which requires a single payment of
$151,215 in 4 years.
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Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round factor values to 5 decimal
places, e.g.1.25124 and final answer to 0 decimal places, e.g.13%.)
Rate of interest
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