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Xi-Yong's Dress Shop borrowed $673.00 to buy material. The loan was paid off 2 months later by a lump-sum payment that included $4.59 of interest.
Xi-Yong's Dress Shop borrowed $673.00 to buy material. The loan was paid off 2 months later by a lump-sum payment that included $4.59 of interest. What was the simple rate of interest at which the money was borrowed? The rate of interest is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) zze
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