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Wilma borrows $10,000 from Jaw Breaker Joe and promises to repay Joe a total of $10,400 in one month. What is the annual interest rate

Wilma borrows $10,000 from "Jaw Breaker Joe" and promises to repay Joe a total of $10,400 in one month. What is the annual interest rate charged by Joe? Select one: a. 60.1% b. 48% c. 79.59% d. 4%

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