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Claire invested $4,100.00 8 months ago. Her investment has grown to $4,950.00. Calculate the simple interest rate earned on the investment. Express your answer as

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Claire invested $4,100.00 8 months ago. Her investment has grown to $4,950.00. Calculate the simple interest rate earned on the investment. Express your answer as an annual percentage rate rounded to 2 decimals (but don't include the % sign in the answer box)

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