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Thomas held a loan of $2,600 for 5 months and was charged interest of $107.25. What was the annual simple interest rate on this loan?

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Thomas held a loan of $2,600 for 5 months and was charged interest of $107.25. What was the annual simple interest rate on this loan? Select the correct answer. No work needs to be shown. O 0.08% O 4.13% O 9.90% O 0.10%

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