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Dave borrowed money from Tom, and they agreed that Dave would pay $0.02 per day for every $200 borrowed. If Dave borrowed $2,400.00 for 95

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Dave borrowed money from Tom, and they agreed that Dave would pay $0.02 per day for every $200 borrowed. If Dave borrowed $2,400.00 for 95 days, what amount will he repay, and what annual simple interest rate is Tom actually charging? (Note: Your answer should be correct to two decimal places to be counted as correct.)

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