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Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at

Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $109.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Percentage of Interest %

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