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Suppose that you borrow $4000.00 from a friend and promise to pay back $8300.00 in 5 years. What simple interest rate will you pay?

Suppose that you borrow $4000.00 from a friend and promise to pay back $8300.00 in 5 years. What simple interest rate will you pay? The simple interest rate is % (Round to the nearest tenth as needed.)

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