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Lebron loaned $20,000 to his daughter to help her buy a house. When she sold the house four years later, she paid him the $20,000

Lebron loaned $20,000 to his daughter to help her buy a house. When she sold the house four years later, she paid him the $20,000 along with an interest of $3,000. What was the annual interest rate? Round your answer to two decimal places.?

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