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Johnny Rickefeller had a bad credit rating and went to a local cash center. Be took out $100.00 loan payable in two weeks for $108.50.

Johnny Rickefeller had a bad credit rating and went to a local cash center. Be took out $100.00 loan payable in two weeks for $108.50. What is the percent interest paid on this loan? (Do not round intermediate calculations. Round answer to the nearest whole percent.)

Percentage of Interest paid: ?

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