sanjay has borrowed $$330$ on his father's watch from a pawn shop. Sanjay has borrowed $$330$ on his father's watch from a pawn shop. He has agreed to pay off the loan with $$365$ one month later. What is the annual

interest rate that he is being charged? Assume that the interest on the loan is computed using simple interest.

The annual interest rate is $\%.$

$($Round to two decimal places as needed$\_)$