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You borrowed $3.00 from your roommate to buy backup calculator batteries on the way to the exam. The next day, you repaid the $3.00 plus

You borrowed $3.00 from your roommate to buy backup calculator batteries on the way to the exam. The next day, you repaid the $3.00 plus an additional 1 cent ($0.01) in interest to your roommate. Express the interest that you paid your roommate as an EAR: 1 (express the answer as a % rounded to two decimal points: x.xx%)

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