Question: Marty Not is going to borrow $ 1 0 , 3 0 0 for 6 0 days and pay $ 2 3 1 in interest.

Marty Not is going to borrow $10,300 for 60 days and pay $231 in interest.
What is the annual rate of interest if the loan is discounted? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Annual rate of interest
%

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