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Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $ 1 0 0 . 0 0

Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks for $110.50. What is the percent of interest paid on this loan?
Note: Do not round intermediate calculations. Round your answer to the nearest whole percent.
Percentage of interest paid %
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