Chimera Limited provides the following loan schedule in relation to its borrowings:

Date	Annual payment ($)	Interest component ($)	Principal component ($)	Balance ($)
30 June 2022	114,000	50,672	63,328	687,374
30 June 2023	114,000	46,398	67,602	619,772
30 June 2024	114,000	41,835	72,165	547,607
30 June 2025	114,000	36,963	77,037	470,570
30 June 2026	114,000	31,764	82,236	388,334
30 June 2027	114,000	26,213	87,787	300,547
30 June 2028	114,000	20,287	93,713	206,834
30 June 2029	114,000	13,961	100,039	106,795
30 June 2030	114,000	7,205	106,795	0

Calculate, in percentage terms to two decimal places, the interest rate Chimera Limited is being charged by the lender.