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Fill in the blanks: Supposing that you borrowed $15,000 from a friend with an agreement that after a year, you must pay him back an

Fill in the blanks: Supposing that you borrowed $15,000 from a friend with an agreement that after a year, you must pay him back an amount of $20,000. Assuming that we are using simple interest, how much is the annual interest rate? ANSWER: % (Use two decimal places, round off)

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