Question: A friend asks to borrow $ 8 0 0 0 for 5 months and you charge them simple interest. If the total interest they paid

A friend asks to borrow $8000 for 5 months and you charge them simple interest. If the total interest they paid on the loan was $614, what was the annual interest rate of this loan?
State your answer as a percent rounded to two decimal places.
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A friend asks to borrow $8000 for 5 months and you

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