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Mike Drago took out a loan for $3,400 at the Gold Coast Bank for 270 days. If the bank uses the ordinary interest method, what
Mike Drago took out a loan for $3,400 at the Gold Coast Bank for 270 days. If the bank uses the ordinary interest method, what rate (in %) of interest was charged if the amount of interest was $229? Round your answer to the nearest tenth of a percent.
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