Question: Since you are becoming a Saver after taking this class, your sister turns to you to borrow $1,144 to buy a Samsung watch. If she

 Since you are becoming a "Saver" after taking this class, your

Since you are becoming a "Saver" after taking this class, your sister turns to you to borrow $1,144 to buy a Samsung watch. If she promises to pay you back $1,367 in return after a year, using simple interest method, what rate of interest would she end up paying you? (Follow the steps to solving problem mentioned in the video lecture. Enter your answer in percent and round your answer to two decimal points)

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