Marina had an accident with her car and the repair bill came to $$900.$ She didn$$t have

any emergency fund money and no extra money in her monthly budget, so she ended

up borrowing from a pay$-$day loan company. As long as she can pay the loan back at

the end of the $30$ day period she won$$t be charged any interest, technically. However,

she did have to pay an $$19$ processing fee per $$100$ that she borrowed. If she were to

consider the processing fee to represent interest paid in her formula, what would she

discover to be the annual interest rate she was charged on her short term loan?

$*$Notice there is no mention of payments, so this is not an annuity. There is also no

mention of compound frequency which means this is not compound interest either.

That leave us with a simple interest calculation to find the answer to this question

$*$Remember that t is always represented in years, therefore here you must convert

the $30$ days into the portion of the year it represents $$ either $1$ month out of $12,$ or

more precisely $30$ days out of $365$

$*$Remember that, just as with the lesson the answer must be a percentage, but

entered without the percentage sign, and rounded up to include two decimal

places

The answers to the questions should contain only the following characters: $0123456789.$

No spaces, commas, dollar or percentage signs.

Dollar amount answer should be rounded up to the whole dollar $($no cents$/$decimals$).$

Interest rate answers should be rounded up$,$ and include two decimal places.

No matter how I do this question, the answer is always incorrect. Chegg has gotten it incorrect as well, please help me and explain it$.$