Imagine you are discussing a loan with a lender. You want to borrow $$15,000$ for one

year. The interest rate is $14\%.$ You and the lender agree that the interest on the loan will

be $0\mathrm{.}14*15,000=$ $$2,100.$ So$,$ the lender deducts this interest amount from the loan up

front and gives you $$12,900.$ What$$s wrong here? What is the interest rate in this case?