Question: Dalton loaned $ 5 5 0 , 0 0 0 to Doc Holliday on August 2 4 . On February 8 of the following year,
Dalton loaned $ to Doc Holliday on August On February of the following year, Doc paid to Dalton the $ interest that had accumulated on the debt up to that time. What simple rate of interest was Dalton charging on this loan?
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