The treasurer of Brandon Blue Sox is seeking a $30,000 loan for 180 days from the Brandon Credit Union. The stated interest rate is 15 percent and there is a 20 percent compensating balance requirement. The treasurer always keeps a minimum of $2,500 in the firm's chequing account. These funds could count toward meeting any compensating balance requirements. What is the annual rate of Interest on this loan? (Use 365 days in a year. Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Annual rate of Interest