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Your answer is incorrect. Amanda took out a $24,000 loan for 1 month and was charged simple interest. The total interest she paid on

Your answer is incorrect. Amanda took out a $24,000 loan for 1 month and was charged simple interest. The total interest she paid on the loan was $118. As a percentage, what was the annual interest rate of Amanda's loan? Do not round any intermediate computations. If necessary, refer to the list of financial formulas. 0% X

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