The treasurer of Brandon Blue Sox is seeking a $37,000 loan for 180 days from the Brandon Credit Union. The stated interes rate is 10 percent and there is a 15 percent compensating balance requirement. The treasurer always keeps a minimum $3,200 in the firm's chequing account. These funds could cour 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 %