You are in desperate need of cash and decide to turn to a relative who has offered to lend you some money. You decide to borrow $$1,300$ today in exchange for paying back $$1,500$ in two years.

Determine the implicit annual interest rate that is being charged on this loan.

Note: Report your answer as a percentage rounded to two decimal places $($i$.$e$.1\mathrm{.}23,$ not $0\mathrm{.}0123)$