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Lord Varys borrowed $10,000 to open his new store, Little Birds Seed and Feeder Store. If Lord Varys must repay a total of $15,400 at

Lord Varys borrowed $10,000 to open his new store, Little Birds Seed and Feeder Store. If Lord Varys must repay a total of $15,400 at the end of 5 years, what is the approximate interest rate is he paying on the loan?

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